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After Chile, What? Second-Round Pension Reforms in Latin America

  • Olivia S. Mitchell
  • Flavio Ataliba Barreto

The apparent success of Chile's pension reform catalyzed a number of subsequent" reforms in sister Latin American nations, and the Chilean model' has now captivated the" attention of policymakers and researchers in the OECD as well. In this paper we identify six" critical elements of old-age pension reform, and examine how these six elements differ across the" Chilean reform, and several other Latin nations that followed in Chile's footsteps. We" emphasize how these other Latin American nations adopted different mechanisms to restructure" their old-age pension systems, and we highlight available evidence on system performance in" each case.

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File URL: http://www.nber.org/papers/w6316.pdf
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Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 6316.

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Date of creation: Dec 1997
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Publication status: published as Revista de Analisis Economico, Vol. 12, no. 2 (November 1997): 3-36.
Handle: RePEc:nbr:nberwo:6316
Note: AG PE
Contact details of provider: Postal: National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.
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  1. Sebastian Edwards, 1998. "The Chilean Pension Reform: A Pioneering Program," NBER Chapters, in: Privatizing Social Security, pages 33-62 National Bureau of Economic Research, Inc.
  2. Mitchell, Olivia S., 1998. "Building an environment for pension reform in developing countries," Social Protection Discussion Papers 20047, The World Bank.
  3. Schwarz, Anita M. & Demirguc-Kunt, Asli, 1999. "Taking stock of pension reforms around the world," Social Protection Discussion Papers 20533, The World Bank.
  4. Carlos Sales-Sarrapy & Fernando Solis-Soberon & Alejandro Villagomez-Amezcua, 1998. "Pension System Reform: The Mexican Case," NBER Chapters, in: Privatizing Social Security, pages 135-175 National Bureau of Economic Research, Inc.
  5. Salvador Valdés, . "Vendedores de AFP: Producto del Mercado o de Regulaciones Ineficientes?," Documentos de Trabajo 178, Instituto de Economia. Pontificia Universidad Católica de Chile..
  6. Schmidt-Hebbel, K., 1995. "Columbia's Pension Reform. Fiscal and Macroeconomic Effects," World Bank - Discussion Papers 314, World Bank.
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