IDEAS home Printed from https://ideas.repec.org/p/ehl/lserod/112478.html
   My bibliography  Save this paper

Bringing back the state: understanding varieties of pension re-reforms in Latin America

Author

Listed:
  • Carrera, Leandro
  • Angelaki, Marina

Abstract

Pension policy is a highly political issue across Latin America. Since the mid-2000s, several countries have re-reformed their pension systems with a general trend toward more state involvement, yet with significant variation. This article contends that policy legacies and the institutional political setting are key to understanding such variation. Analyzing the cases of Argentina, Bolivia, and Chile, this article shows that where a weak legacy, characterized by low coverage and savings rates, a weakly organized pension industry, and strong societal groups that oppose the private system, combines with a strong institutional setting, characterized by a government with large support in Congress and where the president concentrates decisionmaking, re-reform outcomes may lead to the outright elimination of the private pillar. Conversely, where a strong legacy combines with a weak institutional setting, re-reform outcomes will tend to maintain the private pillar and expand only the role of the public one.

Suggested Citation

  • Carrera, Leandro & Angelaki, Marina, 2021. "Bringing back the state: understanding varieties of pension re-reforms in Latin America," LSE Research Online Documents on Economics 112478, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:112478
    as

    Download full text from publisher

    File URL: http://eprints.lse.ac.uk/112478/
    File Function: Open access version.
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Weaver, Kent, 2010. "Paths and Forks or Chutes and Ladders?: Negative Feedbacks and Policy Regime Change," Journal of Public Policy, Cambridge University Press, vol. 30(2), pages 137-162, August.
    2. Rofman, Rafael & Oliveri, Maria Laura, 2012. "Pension coverage in Latin America : trends and determinants," Social Protection Discussion Papers and Notes 70926, The World Bank.
    3. Salvador Valdés-Prieto, 2009. "The 2008 Chilean Reform to First-Pillar Pensions," CESifo Working Paper Series 2520, CESifo.
    4. Rafael Rofman & Ignacio Apella, 2016. "Argentine Social Protection in a Context of Demographic Transition," Apuntes. Revista de ciencias sociales, Fondo Editorial, Universidad del Pacífico, vol. 43(78), pages 89-120.
    5. Hacker, Jacob S., 2004. "Privatizing Risk without Privatizing the Welfare State: The Hidden Politics of Social Policy Retrenchment in the United States," American Political Science Review, Cambridge University Press, vol. 98(2), pages 243-260, May.
    6. repec:ilo:ilowps:468785 is not listed on IDEAS
    7. Wilson Sokhey,Sarah, 2017. "The Political Economy of Pension Policy Reversal in Post-Communist Countries," Cambridge Books, Cambridge University Press, number 9781107189850, September.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Carrera, Leandro & Angelaki, Marina, 2022. "The politics of pension policy responses to COVID-19: comparative insights from Chile, Bolivia and Peru," LSE Research Online Documents on Economics 116666, London School of Economics and Political Science, LSE Library.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Carrera, Leandro & Angelaki, Marina, 2022. "The politics of pension policy responses to COVID-19: comparative insights from Chile, Bolivia and Peru," LSE Research Online Documents on Economics 116666, London School of Economics and Political Science, LSE Library.
    2. Pierson, Paul, 2011. "The welfare state over the very long run," Working papers of the ZeS 02/2011, University of Bremen, Centre for Social Policy Research (ZeS).
    3. Ilana Shpaizman, 2020. "The end–means nexus and policy conversion: evidence from two cases in Israeli immigrant integration policy," Policy Sciences, Springer;Society of Policy Sciences, vol. 53(4), pages 713-733, December.
    4. Gore, Radhika, 2021. "Ensuring the ordinary: Politics and public service in municipal primary care in India," Social Science & Medicine, Elsevier, vol. 283(C).
    5. Alvaro Forteza & Cecilia Noboa, 2014. "Discretion Rather than Simple Rules: the Case of Social Protection," Documentos de Trabajo (working papers) 0814, Department of Economics - dECON.
    6. Elliott, William, 2013. "The effects of economic instability on children's educational outcomes," Children and Youth Services Review, Elsevier, vol. 35(3), pages 461-471.
    7. Elliott, William & Friedline, Terri & Nam, Ilsung, 2013. "Probability of living through a period of economic instability," Children and Youth Services Review, Elsevier, vol. 35(3), pages 453-460.
    8. Kasper Ampe & Erik Paredis & Lotte Asveld & Patricia Osseweijer & Thomas Block, 2021. "Power struggles in policy feedback processes: incremental steps towards a circular economy within Dutch wastewater policy," Policy Sciences, Springer;Society of Policy Sciences, vol. 54(3), pages 579-607, September.
    9. Jenkins, Stephen P., 2011. "Has the Instability of Personal Incomes been Increasing?," National Institute Economic Review, National Institute of Economic and Social Research, vol. 218, pages 33-43, October.
    10. Michael Howlett & Ishani Mukherjee, 2014. "Policy Design and Non-Design: Towards a Spectrum of Policy Formulation Types," Politics and Governance, Cogitatio Press, vol. 2(2), pages 57-71.
    11. Daniel Béland & Michael Howlett & Philip Rocco & Alex Waddan, 2020. "Designing policy resilience: lessons from the Affordable Care Act," Policy Sciences, Springer;Society of Policy Sciences, vol. 53(2), pages 269-289, June.
    12. González, Felipe, 2017. "Privatized Keynesianism or conspicuous consumption? Status anxiety and the financialization of consumption in Chile," MPIfG Discussion Paper 17/3, Max Planck Institute for the Study of Societies.
    13. Rosina K Foli & Frank L K Ohemeng, 2022. "“Provide our basic needs or we go out”: the COVID-19 pandemic lockdown, inequality, and social policy in Ghana [Easing of lockdown a relief to Ghana’s poor—despite fears it is premature]," Policy and Society, Darryl S. Jarvis and M. Ramesh, vol. 41(2), pages 217-230.
    14. Schrecker, Ted & Chapman, Audrey R. & Labonté, Ronald & De Vogli, Roberto, 2010. "Advancing health equity in the global marketplace: How human rights can help," Social Science & Medicine, Elsevier, vol. 71(8), pages 1520-1526, October.
    15. Verónica Amarante & Maira Colacce, 2022. "Multidimensional Poverty Among Older People in Five Latin American Countries," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 159(3), pages 945-965, February.
    16. Daniel Béland & Alex Waddan, 2008. "The Politics of Social Policy Reform in the United States: The Clinton and the W. Bush Presidencies Reconsidered," Social and Economic Dimensions of an Aging Population Research Papers 232, McMaster University.
    17. Léna Pellandini-Simányi & Adam Banai, 2021. "Reluctant financialisaton: Financialisaton without financialised subjectivities in Hungary and the United States," Environment and Planning A, , vol. 53(4), pages 785-808, June.
    18. Ishay Wolf & Lorena Caridad y Lopez del Rio, 2021. "The Expectation for Pension Insurance in Funded Schemes: Theoretical Model and Global Implementation," Academic Journal of Interdisciplinary Studies, Richtmann Publishing Ltd, vol. 10, September.
    19. Carlos Scartascini & Mariano Tommasi & Ernesto Stein, 2010. "Veto Players and Policy Trade-Offs- An Intertemporal Approach to Study the Effects of Political Institutions on Policy," Research Department Publications 4660, Inter-American Development Bank, Research Department.
    20. Esteban Calvo, 2014. "Comparative-historical Analysis of Aging Policy Reforms in Argentina, Chile, Costa Rica, and Mexico," Working Papers 61, Facultad de Economía y Empresa, Universidad Diego Portales.

    More about this item

    Keywords

    Pension reform; policy change; Latin America; institutions; policy legacy;
    All these keywords.

    JEL classification:

    • R14 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Land Use Patterns
    • J01 - Labor and Demographic Economics - - General - - - Labor Economics: General

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ehl:lserod:112478. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: LSERO Manager (email available below). General contact details of provider: https://edirc.repec.org/data/lsepsuk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.