Demographic changes in Latin America: The good, the bad and… by Diego Wachs, Marco A. Espinosa-Vega and Santiago Acosta Ormaecha published by IMF (4/2017). “The paper develops a simple, integrated methodology to project public pension cash flows and healthcare spending over the long term. We illustrate its features by applying it to the LAC5 (Argentina, Brazil, Chile, Colombia and Mexico), where public spending pressures are expected to increase significantly over 2015-50 due to demographic trends and rising healthcare costs…”
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