The Second-Generation Pension Reforms in Latin America [electronic resource] /
Queisser, Monika.
Organisation for Economic Co-operation and Development : Development CentreContent Provider
Paris : OECD Publishing,
1998.
More than a decade after Chile moved from a public pay-as-you-go to a private funded pension system, seven more countries in Latin America have reformed their pension systems. This study provides a detailed description of all second-generation pension reforms in Latin America to date, evaluates the first years of operations of the new systems and outlines the problems and challenges which the systems are still facing. The basic common feature of the "second generation" pension reforms in Latin America is a greater role for funded, privately managed pensions. A move towards more funding is currently also discussed in many OECD countries as one possibility to confront the effects of ageing populations on pay-as-you-go pension systems. Thus, the Latin American reform experience is interesting not only for other developing countries about to embark on pension reform but also for policymakers and pension experts in OECD countries and transition economies.
Preface -- Executive Summary -- Chapter 1. The Crisis of Old Age in Latin America -- Chapter 2. Adapting the Chilean Model: The Second-Generation Pension Reforms in Latin America -- Chapter 3. Financing the Transition towards Funded Systems -- Chapter 4. Reform Results and Performance of the New Systems -- Chapter 5. Challenges for Pensions Policy in Latin America -- Chapter 6. Lessons for OECD Countries -- Annex 1. Pension Reform in Peru -- Annex 2. Pension Reform in Colombia -- Annex 3. Pension Reform in Argentina -- Annex 4. Pension Reform in Uruguay -- Annex 5. Pension Reform in Mexico -- Annex 6. Pension Reform in Bolivia -- Annex 7. Pension Reform in El Salvador
More than a decade after Chile moved from a public pay-as-you-go to a private funded pension system, seven more countries in Latin America have reformed their pension systems. This study provides a detailed description of all second-generation pension reforms in Latin America to date, evaluates the first years of operations of the new systems and outlines the problems and challenges which the systems are still facing. The basic common feature of the "second generation" pension reforms in Latin America is a greater role for funded, privately managed pensions. A move towards more funding is currently also discussed in many OECD countries as one possibility to confront the effects of ageing populations on pay-as-you-go pension systems. Thus, the Latin American reform experience is interesting not only for other developing countries about to embark on pension reform but also for policymakers and pension experts in OECD countries and transition economies.
Bibliographic Level Mode of Issuance: Monograph
Development
Social Issues/Migration/Health
Finance and Investment
Pensions
Labor & Workers' Economics
Business & Economics
Development Centre Studies