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Are Old-age Pension System Reforms Moving Away from Individual Retirement Accounts in Latin America

Dados Bibliográficos

ID2115178
AutoresEsteban Calvo (0000-0002-2382-5553, Harvard University), Fabio M Bertranou, Fabio Bertranou (0000-0001-7619-1841, International Labour Organization), Evelina Bertranou (Matrix Research (United States))
Ano2010
Volume39
Fascículo2
Páginas223-234
Data de publicação2010-04-01
Peer ReviewedSim
Open AccessSim
TipoARTICLE
PeriódicoJournal of Social Policy (JOURNAL)
Identificadores do periódicoISSN: 0047-2794 • E-ISSN: 1469-7823
EditoraCambridge University Press (CUP) (PUBLISHER)
DOI10.1017/s0047279409990663
OpenAlexW3125290482
IdiomaEN
Citações recebidas18
Referências citadas15

This article reviews two rounds of pension reform in ten Latin American countries to determine whether they are moving away from individual retirement accounts (IRAs). Although the idea is provocative, we conclude that the notion of 'moving away from IRAs' is insufficient to characterise the new politics of pension reform. As opposed to the politics of enactment of IRAs of the late twentieth century, pension reform in Latin America in recent years has combined significant revival of public components in old-age income maintenance with improvement of IRAs. Clearly, the policy prescriptions that were most influential during the first round of reforms in Latin America have been re-evaluated. The World Bank and other organisations that promoted IRAs have recognised that pension reform should pay more attention to poverty reduction, coverage and equity, and to protect participants from market risks. The experience and challenges faced by countries that introduced IRAs, the changes in policies by international financing institutions, and the recent financial volatility and heavy losses experienced in financial markets may have tempered the enthusiasm of other countries from applying the same type of reforms. Scholars and policy-makers around the globe could benefit from looking closely at these changes in pension policy

Development economics · Economic growth · Economic policy · Economics · Equity (law) · Latin Americans · Pension · Political science · Politics · Poverty · Finance · Financial Literacy, Pension, Retirement Analysis · Housing, Finance, and Neoliberalism · Retirement, Disability, and Employment

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Obras citantes distintas18
Citações por ano1,29
Intervalo de citações2012 - 2023 (12)
Velocidade de citaçãohistorical
Altamente citadoNão
Tipos de citaçãoNeutras: 18
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