The Latin American pension reform experience : evidence that contradicts discourse
By: D'Haeseleer, Steven
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Contributor(s): BERGHMAN, Jos.
Material type: 
ArticlePublisher: UK : Policy Press, oct. 2004Policy & Politics 32, 4, p. 521-534Abstract: This article examines the structural pension reforms that have been implemented recently in several Latin American countries. The defining feature of these reforms is the adoption of a privately managed, fully funded pension scheme as a complement or alternative to the public pay-as-you-go system. The article first discusses the relevance of the process of economic globalisation for this particular choice of reform model. It then describes the key design features of the new Latin American pension schemes. Finally, an assessment is offered of the performance of reformed pension systems with respect to their main social functions
This article examines the structural pension reforms that have been implemented recently in several Latin American countries. The defining feature of these reforms is the adoption of a privately managed, fully funded pension scheme as a complement or alternative to the public pay-as-you-go system. The article first discusses the relevance of the process of economic globalisation for this particular choice of reform model. It then describes the key design features of the new Latin American pension schemes. Finally, an assessment is offered of the performance of reformed pension systems with respect to their main social functions
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