El ahorro para el retiro: Una reflexión para México

Abstract

Wide concern between academics and policy makers in several countries has long existed on the question of whether individuals are saving enough for their retirement phase. Empirical evidence for developed countries, as well as the little evidence available for developing nations, shows that this is not the case. This paper provides a review of the theoretical literature on the topic, particularly on the Life-Cycle Model, as well as further approaches that contribute to explain this phenomenon. Special emphasis is given to the Mexican case, providing the small amount of evidence available about retirement savings of Mexicans and showing that, in general, it is not adequate. Finally, the paper concludes with some considerations, useful for public policy that will address this problem.