The timing of convergence of population aging in Latin America: Opportunities and challenges

This paper intends to describe the differences in the population aging process across Latin American countries, and how these differences can show the path for institutional changes that can improve the welfare of Latin American nations. The paper will first explore how advanced are different Latin American countries in their population aging process. The paper will link this information with data about Social Security coverage among the labor force, labor force formalization and availability of caretakers. The article concludes highlighting the need for reforms in terms of Social Security coverage, not only pension reform, for securing the well-being of Latin American elderly in the near future.