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From reform to crisis: Argentina's pension system

Author

Listed:
  • Fabio M. Bertranou
  • Rafael Rofman
  • Carlos O. Grushka

Abstract

Argentina underwent economic and social collapse in December 2001. The crisis brought the worst socioeconomic indicators in its history, and the pension system was not immune from this disaster, which was unparalleled in any middle‐income developing country. In 1994 the pension system had been restructured, and was regarded as a viable model for other reforms elsewhere. This article discusses in general terms the features of the current pension scheme, the structural problems that were not resolved in the reform of 1994, the relation between that reform and the government's financial crisis, and the impact of the economic collapse on the pension system. Finally, it discusses some aspects of the challenges faced in building a system that is financially viable and has the potential to close the major gaps in coverage affecting both the working population and older persons.

Suggested Citation

  • Fabio M. Bertranou & Rafael Rofman & Carlos O. Grushka, 2003. "From reform to crisis: Argentina's pension system," International Social Security Review, John Wiley & Sons, vol. 56(2), pages 103-114, April.
  • Handle: RePEc:wly:intssr:v:56:y:2003:i:2:p:103-114
    DOI: 10.1111/1468-246X.00160
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    Cited by:

    1. Calvo, Esteban & Williamson, John B., 2006. "Old-Age Pension Reform and Modernization Pathways: Lessons for China from Latin America," MPRA Paper 4872, University Library of Munich, Germany, revised 2007.
    2. Fabio Bertranou & Esteban Calvo & Evelina Bertranou, 2009. "Is Latin America Retreating From Individual Retirement Accounts?," Issues in Brief ib2009-9-14, Center for Retirement Research, revised Jul 2009.
    3. Rofman, Rafael & Oliveri, Maria Laura, 2012. "Pension coverage in Latin America : trends and determinants," Social Protection Discussion Papers and Notes 70926, The World Bank.
    4. Jaros?aw Poteraj, 2011. "Pension System in Argentina," Review of Economics & Finance, Better Advances Press, Canada, vol. 1, pages 81-95, November.
    5. Bertranou, Fabio & Calvo, Esteban & Bertranou, Evelina, 2010. "¿Está Latinoamérica alejándose de las cuentas individuales de pensiones? [Is Latin America Retreating from Individual Retirement Accounts?]," MPRA Paper 48751, University Library of Munich, Germany.

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