Savings and collective behavioral patterns in Mexico’s pension system
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| Format: | Artículo científico |
| Sprache: | en |
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Universidad Autónoma Metropolitana
2022
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| _version_ | 1876430813951688704 |
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| author | Giuliana Triberti |
| author_facet | Giuliana Triberti |
| contents | Savings and collective behavioral patterns in Mexico’s pension system Giuliana Triberti Ricardo Massa Economía y Finanzas C32 D14 D15 E21 E26 Countries like Mexico, with highly informal labor markets, could benefit from the identification of collective attitudes and behaviors towards saving. In that sense, the present work seeks to build on the Behavioral Life Cycle Theory (BLC) narrow/broad framing debate, pointing out asymmetric collective attitudes towards savings, depending on the formal or informal condition of agents in the labor market. Through an empirical strategy that focuses on data from the Mexican labor market and its pension system, the analysis employs time series techniques to study the collective relationship between two kinds of savings, voluntary and mandatory, and the distinction of the type of labor market participation. Results suggest that there is a short-run asymmetric relationship between informal and formal conditions with regards to the decision of modifying voluntary and mandatory saving schemes. 2022 artículo científico 0185-3937 https://www.redalyc.org/articulo.oa?id=41370350002 https://www.redalyc.org/journal/413/41370350002/ https://www.redalyc.org/journal/413/41370350002/html/ https://www.redalyc.org/journal/413/41370350002/41370350002.epub https://www.redalyc.org/journal/413/41370350002/movil 10.7440/res64.2018.03 en http://www.redalyc.org/revista.oa?id=413 Análisis Económico application/pdf Universidad Autónoma Metropolitana Análisis Económico (México) Num.94 Vol.XXXVII |
| format | Artículo científico |
| id | redalyc_41370350002 |
| institution | Redalyc |
| language | en |
| publishDate | 2022 |
| publisher | Universidad Autónoma Metropolitana |
| spellingShingle | Savings and collective behavioral patterns in Mexico’s pension system Giuliana Triberti Economía y Finanzas C32 D14 D15 E21 E26 Savings and collective behavioral patterns in Mexico’s pension system Giuliana Triberti Ricardo Massa Economía y Finanzas C32 D14 D15 E21 E26 Countries like Mexico, with highly informal labor markets, could benefit from the identification of collective attitudes and behaviors towards saving. In that sense, the present work seeks to build on the Behavioral Life Cycle Theory (BLC) narrow/broad framing debate, pointing out asymmetric collective attitudes towards savings, depending on the formal or informal condition of agents in the labor market. Through an empirical strategy that focuses on data from the Mexican labor market and its pension system, the analysis employs time series techniques to study the collective relationship between two kinds of savings, voluntary and mandatory, and the distinction of the type of labor market participation. Results suggest that there is a short-run asymmetric relationship between informal and formal conditions with regards to the decision of modifying voluntary and mandatory saving schemes. 2022 artículo científico 0185-3937 https://www.redalyc.org/articulo.oa?id=41370350002 https://www.redalyc.org/journal/413/41370350002/ https://www.redalyc.org/journal/413/41370350002/html/ https://www.redalyc.org/journal/413/41370350002/41370350002.epub https://www.redalyc.org/journal/413/41370350002/movil 10.7440/res64.2018.03 en http://www.redalyc.org/revista.oa?id=413 Análisis Económico application/pdf Universidad Autónoma Metropolitana Análisis Económico (México) Num.94 Vol.XXXVII |
| title | Savings and collective behavioral patterns in Mexico’s pension system |
| topic | Economía y Finanzas C32 D14 D15 E21 E26 |
| url | https://www.redalyc.org/articulo.oa?id=41370350002 https://www.redalyc.org/journal/413/41370350002/ https://www.redalyc.org/journal/413/41370350002/html/ https://www.redalyc.org/journal/413/41370350002/41370350002.epub https://www.redalyc.org/journal/413/41370350002/movil |