Description
Book SynopsisLatin American experiments with pension reform began when Chile converted its public pay-as-you-go system to a system of private individual accounts in the early 1980s. Several other Latin American countries then followed suit, inspired both by Chile''s reforms and by World Bank recommendations stressing compulsory government-mandated individual saving accounts. Individual accounts were subsequently introduced in a number of countries in Europe and Asia. Many are now re-evaluating these privatisations in an effort to ''reform the reform'' to make these systems more efficient and equitable. This volume is the first to assess pension reforms in this new ''post-privatization'' era. After a discussion on demographic trends in the foreword by Nobel laureate Robert W. Fogel, Section 1 of the book includes chapters on the role of pension system default options, the impact of gender, and a discussion of the World Bank''s policies on pension reform. The chapter on the evidence from Chile''s new
Table of ContentsForeword: Toward an Era of Longevity and Wealth ; 1. Overview: Lessons from Pension Reform in the Americas ; PART I: SYSTEM DESIGN AND POLICY IMPLICATIONS ; 2. The Chilean Pension Reform Turns 25: Lessons from the Social Protection Survey ; 3. The Importance of Default Options for Retirement Saving Outcomes: Evidence from the United States ; 4. The Gender Impact of Social Security Reform in Latin America ; 5. Understanding the Gendered Dimensions of Pension Reform ; 6. Reflections on Pension Reform in the Americas: From "Averting the Old-Age Crisis" to "Keeping the Promise of Old-Age Security" and Beyond ; 7. Bounded Rationality in Latin American Pension Reform ; PART II: COUNTRY STUDIES ; 8. Perspectives from the President's Commission on Social Security Reform ; 9. Reforms to Canadian Social Security, 1996/97 ; 10. A Decade of Government Mandated Privately Run Pensions in Mexico: What Have We Learned? ; 11. Pensions in Brazil: Reaching the Limits of Parametric Reform in Latin America ; 12. Costa Rica's Pension Reform: A Decade of Negotiated Incremental Change ; 13. The Peruvian Pension Reform: Ailing or Failing? ; 14. Uruguay: A Mixed Reform ; 15. The Pension System in Argentina ; 16. Epilogue: The Future of Retirement Systems in the Americas
