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The politics of pension policy responses to Covid-19

Comparative insights from Chile, Bolivia and Peru

Bibliographic Data

ID7315749
AuthorsLeandro N Carrera (0000-0001-6561-9427, London School of Economics and Political Science, corresponding author), Marina Angelaki (0000-0002-9921-8338, University of Peloponnese)
Year2022
Volume38
Issue3
Pages208-222
Publication date2022-10-10
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueJournal of International and Comparative Social Policy (JOURNAL)
Journal identifiersISSN: 2169-9763 • E-ISSN: 2169-978X
PublisherCambridge University Press (CUP) (PUBLISHER)
DOI10.1017/ics.2022.14
OpenAlexW4303981880
LanguageEN
Citations received4
References cited31

The COVID-19 pandemic has sparked a debate around the world on whether pension systems should be used to support individuals in economic distress. In Latin America, Chile, Bolivia and Peru have passed legislation allowing withdrawals from pension pots, yet with some significant variation. We argue that these measures cannot be simply understood because of the COVID-19 emergency alone but should also take into consideration the combination of legacies from previous pension re-reforms and the political institutional setting. We find that where previous re-reforms have been difficult to implement or have not been implemented at all and the institutional setting makes change difficult, measures that lead to a significant amount of savings being withdrawn may be favoured by political actors as a way to break the stalemate. By contrast, where re-reforms have been largely implemented and the political institutional setting poses few barriers to change, withdrawals may be more limited

Coronavirus disease 2019 (COVID-19 · Development economics · Economic policy · Economics · Latin Americans · Legislation · Pandemic · Pension · Political economy · Political science · Politics · Stalemate · Employment and Welfare Studies · Housing, Finance, and Neoliberalism · Law · Medicine · Social Policy and Reform Studies

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Unique citing works4
Citations per year2
Citation span2024 - 2025 (2)
Citation velocityrecent
Highly citedNo
Citation typesNeutral: 4

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