Political economy of the proposals for the reform of Old Age Protection in Colombia (2019-2020)

Abstract

The political economy studies the interconnection between the economy and politics in a State whose essential function is the development of the welfare of society and the allocation of resources, in this case, to ensure an old age worthy of the population. From this perspective, the reform proposals are described under three assumptions and instruments of analysis: 1) methodological individualism (private interests of their own or of the institutions representing the actors); 2) rational choice (cost / benefit calculations) and, (3) the policy as an exchange (benefits and profits). The objective of the work consists in an initial diagnosis of the current pension system, in reviewing the reform proposals and the consideration of a proposal by the author. The article is a reflection on the pension system and the reform proposals, which implies a description of the regulations and practice, the interpretation of the principles or variables (coverage, equity, solidarity and sustainability) and a critical analysis of the proposals.