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The Limits of Pension Privatization: Lessons from Argentine Experience

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  • Arza, Camila

Abstract

Summary The paper studies the operation of the mixed pension system established in Argentina in 1994. It points to the limitations that the new system has encountered to achieve some of the most important objectives of pension policy and pension reform. The analysis looks at the mechanisms affecting pension system performance, with particular attention to the way in which the new pension rules have interacted with the local macroeconomic, social, and political context. The empirical analysis of this experience is oriented to provide lessons for Argentina's future reforms, as well as for many Latin American countries with similar pension arrangements.

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  • Arza, Camila, 2008. "The Limits of Pension Privatization: Lessons from Argentine Experience," World Development, Elsevier, vol. 36(12), pages 2696-2712, December.
    • Handle: RePEc:eee:wdevel:v:36:y:2008:i:12:p:2696-2712
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    Cited by:

    1. Reece, Christopher & Sam, Abdoul G., 2012. "Impact of Pension Privatization on Foreign Direct Investment," World Development, Elsevier, vol. 40(2), pages 291-302.
    2. Camila Arza, 2017. "The expansion of economic protection for older adults in Latin America: Key design features of non-contributory pensions," WIDER Working Paper Series 029, World Institute for Development Economic Research (UNU-WIDER).
    3. Hadrien Saiag, 2013. "Financial Practices as Adaptations to Increasing Vulnerability," Post-Print halshs-02343508, HAL.
    4. Sehnbruch, Kirsten & Carranza, Rafael & Contreras, Dante, 2020. "Unemployment insurance in Chile: lessons from a high inequality developing country," LSE Research Online Documents on Economics 107824, London School of Economics and Political Science, LSE Library.
    5. Camila Arza, 2017. "The expansion of economic protection for older adults in Latin America: Key design features of non-contributory pensions," WIDER Working Paper Series wp-2017-29, World Institute for Development Economic Research (UNU-WIDER).

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