Paradigmatic Change in Old-Age Security — Latin American Cases

Conference paper
Part of the Contributions to Economics book series (CE)


During the last four decades, Latin America has been an interesting and dynamic object of study as far as its efforts in stabilisation and development are concerned. Different schools of economic theory were able to test their recipes against chronic inflation and budget deficits, balance of payment crises, weak currencies, underdeveloped product and financial markets, and poor living conditions of the countries’ populations - unfortunately without much success.


Pension Fund Pension System Social Security System Pension Reform Public Pension Fund 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.


  1. Arenas de Mesa Alberto, and Fabio Bertranou, 1997: Learning from Social Security Reforms: Two Different Cases, Chile and Argentina. World Development 25(3), 329–348.CrossRefGoogle Scholar
  2. Beattie, Roger and Warren McGillivray, 1995: Una estrategia riesgosa: reflexiones acerca del informe del Banco Mundial titulado Envejecimiento sin crisis [A risky strategy: reflections about the World Bank report Averting the old age crisis]. Revista Internacional de Seguridad Social 48(3), 7–28.Google Scholar
  3. Delgado, José, 1994: Reforma Previsional y Opción de Reparto-Capitalización [Pension reform and option between PAYG and funding]. Buenos Aires: FIEL.Google Scholar
  4. FIEL - Fundación de Investigaciones Economicas Latinoamericanas, 1995: El Sistema de Seguridad Social. Una Propuesta de Reforma [The social security system. A reform proposal]. Buenos Aires: Consejo Empresario Argentino.Google Scholar
  5. Gillion, Colin and Alejandro Bonilla, 1992: Analysis of a National Private Pension Scheme: The Case of Chile. International Labour Review 131(2), 171–195.Google Scholar
  6. Hujo, Katja, 1997: Die Reform der Rentenversicherung in Argentinien [Pension reform in Argentina]. In: Institut für Iberoamerika-Kunde (ed.) Lateinamerika. Analysen-DatenDokumentation: Rentenreformen in Lateinamerika. Lehren für Europa 36, Hamburg: IIK, 65–79.Google Scholar
  7. Humeres N. Hector, 1995: Descripción General del Sistema Privado de Pensiones. [General description of the private pension system]. In: S. Baeza and F. Margozzini (eds.) Quince Años Después. Una Mirada al Sistema Privado de Pensiones. Santiago de Chile, 27–46.Google Scholar
  8. IADB, 1996: Economic and Social Progress in Latin America. 1996 Report. Baltimore, MD: Johns Hopkins University Press, 207–232.Google Scholar
  9. IIK - Institut für Ibero-Amerika-Kunde, 1997: Lateinamerika. Analysen-Daten-Dokumentation: Rentenreformen in Lateinamerika. Lehren für Europa 36 [Pension Reforms in Latin America. Lessons for Europe]. Hamburg: IIK.Google Scholar
  10. Instituto de Economía (UADE), 1996: Informe Sectorial, Series Estadísticas, Buenos Aires: UADE.Google Scholar
  11. Isuani, Ernesto Alberto, Rafael Rofman and Jorge Antonio San Martino, 1996: Las jubilaciones del siglo XXI: Podemos gastar a cuenta? [The pensions of the 2151 century. Can we spend on credit?]. Boletín Informativo Techint 286, 79–104.Google Scholar
  12. Isuani, Ernesto Alberto and Jorge Antonio San Martino, 1995: El nuevo sistema previsional argentino. Punto final a una larga crisis? [The new Argentine pension system. The end of a large crisis?]. Boletín Informativo Techint 281, 41–56 and Boletín Informativo Techint 282, 43–67.Google Scholar
  13. James, Estelle, 1996: Proveer una mejor protección y facilitar el crecimiento: una defensa de Envejecimiento sin Crisis. [Provide better protection and facilitate growth: a defence of Averting the old age crisis]. Revista Internacional de Seguridad Social 49(3), 3–25.Google Scholar
  14. Mesa-Lago, Carmelo, 1978: Social Security in Latin America. Pressure Groups, Stratification, and Inequality. Pittsburgh, PA: University of Pittsburgh Press.Google Scholar
  15. Mesa-Lago, Carmelo, 1991: Social Security and Prospects for Equity in Latin America. World Bank Discussion Papers 140, Washington, DC: World Bank.Google Scholar
  16. Mesa-Lago, Carmelo, 1994: Changing Social Security in Latin America. Toward Alleviating the Social Costs of Economic Reform. Boulder and London: Lynne Rienner Publishers.Google Scholar
  17. Mesa-Lago, Carmelo, 1995: Social Welfare Reform in the Context of Economic-Political Liberalization: Latin American Cases. Pittsburgh, PA, mimeo.Google Scholar
  18. Mesa-Lago, Carmelo, 1996: Las reformas de las pensiones en América Latina y la posición de los organismos internacionales. [The pension reforms in Latin America and the position of international organisations]. Revista de la Cepal 60, 73–94.Google Scholar
  19. Mesa-Lago, Carmelo and Alberto Arenas de Mesa, 1997: Fünfzehn Jahre nach der Privatisierung des Rentensystems in Chile: Evaluation, Lehre and zukünftige Aufgaben [Fifteen years after privatising the pension system in Chile: Evaluation, lessons and future tasks]. Deutsche Rentenversicherung 7, 405–27.Google Scholar
  20. Mesa-Lago, Carmelo and Kristin Kleinjans, 1997: Die internationale Rentenreformdebatte - Annahmen and Realität der lateinamerikanischen Reformen. [The international pension reform debate - assumptions and reality of Latin American reforms]. In: IIK (ed.) Lateinamerika. Analysen-Daten-Dokumentation: Rentenreformen in Lateinamerika. Lehren fair Europa 36. Hamburg: IIK, 33–50.Google Scholar
  21. Müller, Katharina, 1997: Das “argentinische Modell” für Mittelosteuropa? [The “Argentine model” for Central-Eastern Europe?]. In: IIK (ed.) Lateinamerika. Analysen-DatenDokumentation: Rentenreformen in Lateinamerika. Lehren fir Europa 36, Hamburg: IIK, 129–136.Google Scholar
  22. Nitsch, Manfred, 1996: Monetary Reforms, Financial Markets and Social Policies at the Periphery. Berlin: LAI.Google Scholar
  23. Nitsch, Manfred and Helmut Schwarzer, 1996: Recent developments in financing social security in Latin America. ILO Discussion Paper 1 - Issues in Social Protection. Geneva: ILO.Google Scholar
  24. Pandis, Juan, 1996: Solidaridad Previsional. Ley 24.463. Tratamiento Práctico. Buenos Aires: A-Z editora.Google Scholar
  25. Queisser, Monika, 1993: Vom Umlage-zum Kapitaldeckungsverfahren: die chilenische Rentenreform als Modell für Entwicklungsländer? [From PAYG to fully-funding: the Chilean pension reform as a model for developing countries?]. München: Weltforum-Verlag.Google Scholar
  26. Queisser, Monika, 1995: Después de Chile: la segunda generación de reformas en América latina [After Chile: The second generation of reforms in Latin America]. Revista Internacional de Seguridad Social 48(3–4), 29–48.Google Scholar
  27. Queisser, Monika, 1998: Die Rente mit Kapital unterlegen. [To fund pensions with capital]. FrankfurterAllgemeine Zeitung of January 20, 1998.Google Scholar
  28. Schulthess, Walter and Gustavo Demarco, 1993: Sistema de Pensiones en América Latina. Argentina: Evolución del Sistema Nacional de Previsión Social y propuesta de reforma. [Pension Systems in Latin America. Argentina: Evolution of the National Pension System and Reform Proposal]. Proyecto Regional Políticas Financieras para el Desarrollo. Santiago de Chile: CEPAL/PNUD.Google Scholar
  29. Schulthess, Walter and Gustavo Demarco, 1996: El sistema de jubilaciones y pensiones de Argentina a dos años de la reforma. [The pension system in Argentina two years after the reform]. SAFJP, Serie Estudios Especiales 1(5). Buenos Aires: SAFJP.Google Scholar
  30. Singh, Ajit, 1996: Reforma de las pensiones, mercados de valores, formación de capital y crecimiento económico: un comentario crítico sobre las propuestas del Banco Mundial. [Pension reform, capital markets, capital formation and economic growth: a critical comment on the proposals of the World Bank]. Revista Internacional de Seguridad Social 49(3), 27–52.Google Scholar
  31. Uthoff, Andras, 1995: Reformas a los sistemas de pensiones en América Latina y el Caribe. [Social Security Reforms in Latin America and the Caribbean]. Serie Financiamiento y Desarrollo. Santiago de Chile: CEPAL.Google Scholar
  32. Vittas, Dimitri and Augusto Iglesias, 1992: The Rationale and Performance of Personal Pension Plans in Chile. World Bank Working Paper 867, Washington, DC: World Bank.Google Scholar
  33. Vittas, Dimitri, 1997a: Private Pension Funds in Argentina’s New Integrated Pension System. Policy Research Working Paper 1820, Washington, DC: World Bank.Google Scholar
  34. Vittas, Dimitri, 1997b: The Argentine Pension Reform and Its Relevance for Eastern Europe. Policy Research Working Paper 1819, Washington, DC: World Bank.Google Scholar
  35. World Bank, 1994: Averting the old age crisis. Policies to protect the old and promote growth. Washington, DC: Oxford University Press.Google Scholar
  36. World Bank, 1996: Argentina. The Convertibility Plan: Assessment and Potential Prospects. World Bank Report No. 15402-AR. Washington, DC, mimeo.Google Scholar

Copyright information

© Springer-Verlag Berlin Heidelberg 1999

Authors and Affiliations

There are no affiliations available

Personalised recommendations