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Re-reform of Latin American private pensions systems : Argentinian and Chilean models and lessons

Recurso electrónico / electronic resource
MARC record
Tag12Value
LDR  00000cab a2200000 4500
001  MAP20090093683
003  MAP
005  20100222193441.0
008  091027e20091001esp|| p |0|||b|spa d
040  ‎$a‎MAP‎$b‎spa‎$d‎MAP
084  ‎$a‎345
100  ‎$0‎MAPA20080226152‎$a‎Mesa-Lago, Carmelo
24500‎$a‎Re-reform of Latin American private pensions systems ‎$b‎: Argentinian and Chilean models and lessons‎$c‎Carmelo Mesa-Lago
520  ‎$a‎Between 1981 and 2008, 11 countries in Latin America structurally reformed their defined benefit, pay-as-you-go, public pension systems, partially or totally replacing them with defined contribution, fully funded, privately managed schemes based on individual accounts. Initial failures in design and subsequent performance of the private systems led to partial corrections, but in 2008 two countries implemented far reaching "re-reforms": Chilean maintained and improved its system, whereas Argentina closed and integrated it to the public system. Both re-reform models are evaluated based on their fulfilment of International Labour Organization Social Security principles: universal coverage, equal treatment, social solidarity, gender equality, benefit sufficiency, public supervision, reasonable administrative costs, social participation and financial sustainability. The Chilean model has improved the system in most of such principles while the Argentinian model has not. The potential influence of both models in the region is briefly explored
650 1‎$0‎MAPA20080578107‎$a‎Seguridad Social
650 1‎$0‎MAPA20080552114‎$a‎Pensiones
650 1‎$0‎MAPA20080592455‎$a‎Planes de pensiones
650 1‎$0‎MAPA20080604004‎$a‎Sistemas de pensiones
650 1‎$0‎MAPA20080587369‎$a‎Reforma financiera
651 1‎$0‎MAPA20080638139‎$a‎Argentina
651 1‎$0‎MAPA20080637644‎$a‎Chile
7730 ‎$w‎MAP20077100215‎$t‎Geneva papers on risk and insurance : issues and practice‎$d‎Geneva : The Geneva Association, 1976-‎$x‎1018-5895‎$g‎01/10/2009 Tomo 34 Número 4 - 2009 , p. 602-617