Commitment to Equity: An Assessment of Fiscal Policies in Argentina, Mexico and Peru Jaramillo, Lustig , Pessino and Scott Presented by Nora Lustig (Tulane University ) and Miguel Jaramillo (GRADE). ECINEQ, Catania, Sicily July 20, 2011. Outline. Motivation
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Commitment to Equity:An Assessment of Fiscal Policies in Argentina, Mexico and PeruJaramillo, Lustig, Pessino and ScottPresentedby Nora Lustig (Tulane University) and Miguel Jaramillo (GRADE)
ECINEQ, Catania, Sicily
July 20, 2011
poverty reduction: ensuring that everyone has a minimum level of consumption
insurance: preventing individuals from falling (or falling further) below the minimum level of consumption due to adverse shocks, both idiosyncratic (unemployment, illness, bad harvests, etc.) and systemic (economic crises, natural disasters, spikes in food prices, etc.)
income smoothing:ensuring that a minimum level of consumption is achieved throughout an individual’s life-cycle (maternity/paternity leave and retirement, in particular)
building poor people’s human capital: ensuring that everyone has a minimum level of education and health.
Includes Contributory Pensions
Includes subsidized portion to Contributory Pensions