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Pension privatization in Latin America

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  • Katharina Müller

    (Frankfurt Institute for Transformation Studies, European University Viadrina, Frankfurt (Oder), Germany)

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    Abstract

    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.

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    Bibliographic Info

    Article provided by John Wiley & Sons, Ltd. in its journal Journal of International Development.

    Volume (Year): 12 (2000)
    Issue (Month): 4 ()
    Pages: 507-518

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    Handle: RePEc:wly:jintdv:v:12:y:2000:i:4:p:507-518

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    Web page: http://www3.interscience.wiley.com/journal/5102/home

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    7. Chlon, Agnieszka & Gora, Marek & Rutkowski, Michal, 1999. "Shaping pension reform in Poland : security through diversity," Social Protection Discussion Papers 20852, The World Bank.
    8. James M. Buchanan, 1983. "Social Security Survival: A Public-Choice Perspective," Cato Journal, Cato Journal, Cato Institute, Cato Journal, Cato Institute, vol. 3(2), pages 339-359, Fall.
    9. Mesa-Lago, Carmelo, 1997. "Social welfare reform in the context of economic-political liberalization: Latin American cases," World Development, Elsevier, Elsevier, vol. 25(4), pages 497-517, January.
    10. Prof. Dr. Robert Holzmann, 1994. "Funded and Private Pensions for Eastern European Countries in Transition?," Public Economics, EconWPA 9405004, EconWPA.
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