The Americas Social Security Report celebrates 10 years – Social Security and Labor Markets through Economic Cycles 2010

Following with the summary of 10 years of Americas Social Security Reports, this note will discuss the Americas Social Security Report 2010 – Social Security and Labor Markets through Economic Cycles. The Report studies the relationship between economic cycles and social insurance. It is based on two facts: i) social security exists precisely to deal with economic downturns; and ii) by the time the topic of the Report is decided, it was clear that many countries were in a recession that some economist forecasted to be deep and long lasting and unemployment rates had risen considerably. Thus, the Report analyzed issues such as unemployment insurance and the lack of it in many countries, the challenges faced by financially weakened national governments to face the problems of the lack of coverage, and the structural deficiencies of pension systems.