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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)

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.

Suggested Citation

  • Katharina Müller, 2000. "Pension privatization in Latin America," Journal of International Development, John Wiley & Sons, Ltd., vol. 12(4), pages 507-518.
  • Handle: RePEc:wly:jintdv:v:12:y:2000:i:4:p:507-518
    DOI: 10.1002/1099-1328(200005)12:4<507::AID-JID687>3.0.CO;2-A
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    References listed on IDEAS

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    1. Prof. Dr. Robert Holzmann, 1994. "Funded and Private Pensions for Eastern European Countries in Transition?," Public Economics 9405004, EconWPA.
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    9. James M. Buchanan, 1983. "Social Security Survival: A Public-Choice Perspective," Cato Journal, Cato Journal, Cato Institute, vol. 3(2), pages 339-359, Fall.
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    11. James, Estelle, 1996. "Protecting the old and promoting growth : a defense of averting the old age crisis," Policy Research Working Paper Series 1570, The World Bank.
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