As part of the social transformations at the end of the nineteenth century, where there was awareness at the State level of the importance of developing insurance systems for an increasingly urbanized society, different generations witnessed the global expansion of social security systems, in which ensuring the lack of income in old age was key. However, these systems, which mainly began under the Bismarckian framework, started facing demographic and financial challenges in the second half of 2021.

In the emerging world, with limited institutional foundations, the issue of informality in their labor markets was another barrier that pension systems had to face. Bearing this in mind, and the new challenges arising in this century, the book “Prosperity and Pensions” has conducted a diagnosis in nine chapters, proposing a broad range of policies for the reality of the Dominican Republic, based on the perspective that a transformation of the systems must be nourished by good international practices, while bearing in mind the structural considerations of reality. In this regard, the pension system in the Dominican Republic has been subjected to an ongoing reform over 20 years since its inception, with results that need to be reviewed for a constructive look at the future that enhances the good and reinforces everything that promotes a more inclusive system that citizens can recognize as theirs, as part of a social contract that needs to be permanently reinforced.

For a full review of the book, click here.