Economist David Tuesta highlights studies by Hugo Ñopo and Miguel Jaramillo in his op-ed on pension reform
In his El Comercio op-ed, “The key piece to reform pensions”, David Tuesta addresses the pension reform in Peru. According to the economist, one of the key points of this reform is the effect of cost overruns in the labor market.
“The presence of monetary and non-monetary contracting costs -such as the “adequate protection” established by the Constitutional Court in 2001 that allows replacements- that are misaligned with labor productivity have been evidenced as relevant to the Peruvian case by several investigations (see Norman Loayza, Miguel Jaramillo and others) “, writes Tuesta, referring to the document by Miguel Jaramillo and colleagues, The unprotective effects of employment protection in Peru.
Likewise, he mentions the new document by Hugo Ñopo, Social and labor protection policies in Peru: “In this regard, the economist Hugo Ñopo in a recent publication, highlights the great differences in extra-salary costs between firms that belong to the general regime -which tend to be more formal- versus those of micro and small firms regimes. “
