Abstract

RUIZ MORENO, Ángel Guillermo. Financing social security in the XXI century. Rev. latinoam. derecho soc [online]. 2012, n.15, pp.141-168. ISSN 2448-7899.

The massive economic and financial crisis caused by the “Great Recession” that dates back to the mid-2008, has confirmed that both formal employment and social security attached to it are in crisis too. It is necessary to re-conceptualize the social security in order to meet the enormous challenges the twenty-first century presents, which makes urgent to re-conceptualize the social security as a public service, the benefits it should offer and who should be protected with, the insurances that should include and the rational cash benefits or in kind that would grant and mostly it is unavoidable to define the financing. Mexico is on time to save their social security system before the collapse begins.

Keywords : Crisis; unemployment; social security.

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