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Pension privatization in Latin America †
Author(s) -
Müller Katharina
Publication year - 2000
Publication title -
journal of international development
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.533
H-Index - 66
eISSN - 1099-1328
pISSN - 0954-1748
DOI - 10.1002/1099-1328(200005)12:4<507::aid-jid687>3.0.co;2-a
Subject(s) - latin americans , pension , politics , pension system , political science , economics , development economics , economic policy , finance , law
Shortly after Chancellor Bismarck had introduced mandatory pension insurance in Germany, public retirement schemes became popular all over Latin America. Nowadays, the picture has changed: a total of eight Latin American countries have introduced individually fully‐funded schemes on a mandatory basis. The impact of these reform precedents extends far beyond the region. Two decades of pension privatization in Latin America provide us with some important policy lessons and with insights into the political economy of this radical paradigm shift Copyright © 2000 John Wiley & Sons, Ltd.