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Seeking solutions to Vulnerability in Old Age: Preferences, constraints, and alternatives for coverage under Peru’s pension system Abigail Barr, CSAE, University of Oxford Truman G. Packard, Social Protection, The World Bank WPS/2005-05 Download the Paper (PDF format) - February 1, 2005 Tell a colleague about it. Printing Tips: Select 'print as image' in the Acrobat print dialog if you have trouble printing. ABSTRACT: Abstract: Exploiting new data from a survey and behavioral experiment conducted in Peru we analyze individuals’ preferences for securing income in old age. We identify a group that is unrationed by the mandate to save in Peru’s pension system, and draw insights from their affiliation and contribution behavior. Among the unrationed, those who are more tolerant of risk, have more children, and have a greater share of housing in their accumulated assets are less likely to affiliate and/or contribute to the formal pensions system. Further, the less risk tolerant choose private individual retirement accounts over a publicly administered pension system. SUGGESTED CITATION: Abigail Barr and Truman G. Packard, "Seeking solutions to Vulnerability in Old Age: Preferences, constraints, and alternatives for coverage under Peru’s pension system " (February 1, 2005). The Centre for the Study of African Economies Working Paper Series. Working Paper 239. http://www.bepress.com/csae/paper239