Skip to Main Content

Lessons from Pension Reform in the Americas

Online ISBN:
9780191710285
Print ISBN:
9780199226801
Publisher:
Oxford University Press
Book

Lessons from Pension Reform in the Americas

Stephen J. Kay (ed.),
Stephen J. Kay
(ed.)
Americas Center Coordinator, Research Department, Federal Reserve Bank of Atlanta
Find on
Tapen Sinha (ed.)
Tapen Sinha
(ed.)
Director, International Center for Pension Research and ING Chair Professor, ITAM, Mexico and Special Professor, School of Business, University of Nottingham, UK
Find on
Published online:
1 January 2008
Published in print:
1 November 2007
Online ISBN:
9780191710285
Print ISBN:
9780199226801
Publisher:
Oxford University Press

Abstract

Latin American experiments with pension reform began when Chile converted its public pay-as-you-go system to a system of private individual accounts in the early 1980s. Several other Latin American countries then followed suit, inspired both by Chile's reforms and by World Bank recommendations stressing compulsory government-mandated individual saving accounts. Individual accounts were subsequently introduced in a number of countries in Europe and Asia. Many are now re-evaluating these privatizations in an effort to ‘reform the reform’ to make these systems more efficient and equitable. This book assesses pension reforms in this new ‘post-privatization’ era. After a discussion on demographic trends in the foreword by Nobel laureate Robert W. Fogel, Section 1 of the book includes chapters on the role of pension system default options, the impact of gender, and a discussion of the World Bank's policies on pension reform. The chapter on the evidence from Chile's new social protection survey points to key lessons from the world's first privatization. Section 2 offers analysis of several significant reform initiatives in the hemisphere, and includes chapters on the United States, Canada, Mexico, Costa Rica, Brazil, Peru, Uruguay, and Argentina.

Contents
Close
This Feature Is Available To Subscribers Only

Sign In or Create an Account

Close

This PDF is available to Subscribers Only

View Article Abstract & Purchase Options

For full access to this pdf, sign in to an existing account, or purchase an annual subscription.

Close