Aging in Latin America and the Caribbean: social protection and quality of life of older persons
This report analyzes the quality of life of the elderly in Latin America and the Caribbean, how it relates to social protection policies, and how these policies must adapt to population aging. The quality of life of the elderly is measured as a combination of healthy life expectancy and income security. In this report, social protection of the elderly is defined as a combination of pensions, health services, and long-term care services. These policies are directly related to the quality of life of the elderly. Pensions reduce poverty among the elderly. Health services not only improve their health status, but also reduce the risk of poverty caused by very high medical expenses. Dependency care services improve the well-being of dependent persons and their family caregivers. These positive effects of social protection are widely documented in the literature. For each type of policy, the level of coverage, the quality of the benefits provided, and their fiscal and social sustainability are evaluated.
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