Deadline: 28-Nov-21
The Inter-American Development Bank (IDB) is inviting applications for Evaluating the Impact of COVID-19 on Pension Systems in Latin America and the Caribbean (LAC).
Objectives
- The main objective of this research project is to understand the impact of COVID-19 on pension systems. Each study should analyze the extent to which COVID-19 impacts key aspects of pension systems, such as participation, replacement rates, contribution density, intergenerational equity, financial sustainability, pension fiscal expenditure, retirement age, beneficiaries, contribution rates, among others. Each study is also expected to analyze both the short and long-term fiscal costs stemming from the crisis. Studies should estimate both funding shortages in the years ahead based on conditions prevailing before COVID-19, and the additional impact of COVID-19 on these shortages.
- To carry out these studies and guarantee the homogeneity of the analysis methodologies for the different countries, the standard pension projection model developed by the PLAC Network will be provided. That said, in addition to the results generated by the standardized pension projection model, additional statistical analyses (impact evaluations, for example), would be useful.
- The project intends to draw cross-country comparisons and policy recommendations from the collection of case studies. Studies can be focused indistinctively on defined benefit or defined contribution pension systems.
- The specific objectives are:
- Generate country-specific evidence on the impact of COVID-19 on pension systems, addressing the effect on key indicators (density of contributions, pension coverage rates, replacement rates, changes in the intergenerational equity, financial and fiscal sustainability, among others).
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Calculate the pre-COVID-19 and the short and long-term fiscal pressures stemming from the crisis.
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Evaluate political implications and policy recommendations for the region. It is important to mention that each of the country case studies must include an analysis of the demographic trends for the country.
Funding Information
- The IDB will contribute up to US$30,000 or its equivalent in local currency as a contribution to the total budget of each study.
Selection Criteria
Only research institutions (including think tanks) may present research proposals. The IDB seeks to support up to five (5) studies. The research proposals will be selected based on the following criteria:
- Quality and feasibility of the proposed case.
- Clarity in the description of the research question(s) and methodology.
- Comprehensiveness of the proposed study.
- Previous relevant experience of the research team.
- Studies that involve a close coordination with pensions institutions will be given preference.
- Studies that include additional statistical analyses (impact evaluations, for example) in addition to the results from the IDB-provided pension projection model will be given preference. Evaluate political implications and policy recommendations for the region.
For more information, visit https://www.iadb.org/en/research-and-data/project-details?nid=2840