How Latin American Governments Favor the Old
How Latin American Governments Favor the Old
By
Monica de Bolle
Brazil, Uruguay and others overspend on pensions – while youth unemployment is on the rise.
This article is adapted from AQ's print issue on youth in Latin America.
In economics it’s known as a demographic windfall—when, in the course of a nation’s development, diminishing birth rates mean fewer hungry mouths to feed relative to the number of young people in their working prime, with still comparatively few retirees living off the country’s reserves.
It’s a dynamic that should be paying big dividends in Latin America today: Fertility rates in the region...
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