The Debate on Pension Systems
The Paradigmatic Cases of Chile and Spain
Bibliographic Data
| ID | 2792086 |
|---|---|
| Authors | Xabier Arrizabalo Montoro (United States Congress, corresponding author), Mario Del Rosal (0000-0001-9226-5791, University of National and World Economy, corresponding author), F Javier Murillo Arroyo, F J Arroyo (0000-0003-3872-4533, ALP (France), corresponding author) |
| Year | 2019 |
| Volume | 78 |
| Issue | 1 |
| Pages | 195-223 |
| Publication date | 2019-01-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | American Journal of Economics and Sociology (JOURNAL) |
| Journal identifiers | ISSN: 0002-9246 • E-ISSN: 1536-7150 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/ajes.12262 |
| OpenAlex | W2913000781 |
| Language | EN |
| Citations received | 4 |
| References cited | 3 |
This article is focused on pension systems in the light of two case studies that are antagonistic within the capitalist economy. On the one hand, the Spanish pension scheme, based on the principle of intergenerational solidarity, was achieved by the working-class after decades of struggle. It constitutes the backbone of the Spanish social security system, thanks to the creation and development of indirect and deferred wages. On the other hand, the Chilean pension scheme, first imposed by the Pinochet dictatorship, is based on a funded system and private management. It rejects the principle of solidarity and, therefore, it makes impossible the construction of a decent pension structure. The comparison of the Spanish and the Chilean pension systems can be expressed in just one revealing fact: while the average pension in Spain is 79 percent of the last salary earned, benefits in Chile barely reach 33 percent for male workers and 25 percent for female workers. The analysis of both cases is framed in terms of the critique of political economy, in direct opposition to the current mainstream in economics. Instead of assuming methodological individualism and a harmonious view of human societies, as orthodoxy does, the critical paradigm conceives of capitalist economy as a dialectical process determined by the existence of social classes with different and opposed interests
Economic system · Economics · Mainstream · Market economy · Opposition (politics) · Orthodoxy · Pension · Political economy · Political science · Politics · Salary · Social security · Sociology · Solidarity · Economic Theory and Policy · Housing, Finance, and Neoliberalism · Law · Political Economy and Marxism
| Unique citing works | 4 |
|---|---|
| Citations per year | 0.57 |
| Citation span | 2019 - 2026 (8) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 4 |