Reforming old-age pension systems in developing countries: lessons from Latin America
Autor(a) principal: | |
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Data de Publicação: | 2000 |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Revista de Economia Política |
Texto Completo: | http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572000000100124 |
Resumo: | ABSTRACT Latin American countries, pioneered by Chile, have launched bold old age pension reforms. While these reforms may address issues of financial sustainability of the pension systems, their most valuable contribution is related to political economy aspects as they avoid perverse redistribution within the system and minimise the risk of government appropriation. On the negative side, Chilean inspired reforms represent a costly approach to reform; they may lead to concentration within the industry and increase risks faced by the individual. They do not eliminate evasion, and in some of its versions, they may introduce problems of adverse selection. More importantly, such reforms do not guarantee that old age will be free of poverty, which is (or should be) the main objective of a pension system. |
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Reforming old-age pension systems in developing countries: lessons from Latin AmericaPensionspension reformpension systemABSTRACT Latin American countries, pioneered by Chile, have launched bold old age pension reforms. While these reforms may address issues of financial sustainability of the pension systems, their most valuable contribution is related to political economy aspects as they avoid perverse redistribution within the system and minimise the risk of government appropriation. On the negative side, Chilean inspired reforms represent a costly approach to reform; they may lead to concentration within the industry and increase risks faced by the individual. They do not eliminate evasion, and in some of its versions, they may introduce problems of adverse selection. More importantly, such reforms do not guarantee that old age will be free of poverty, which is (or should be) the main objective of a pension system.Centro de Economia Política2000-03-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersiontext/htmlhttp://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572000000100124Brazilian Journal of Political Economy v.20 n.1 2000reponame:Revista de Economia Políticainstname:EDITORA 34instacron:EDITORA_3410.1590/0101-31572000-0974info:eu-repo/semantics/openAccessRONCADA,ANA LUIZA CORTEZeng2022-02-22T00:00:00Zoai:scielo:S0101-31572000000100124Revistahttps://centrodeeconomiapolitica.org.br/repojs/index.php/journalONGhttps://centrodeeconomiapolitica.org.br/repojs/index.php/journal/oai||cecilia.heise@bjpe.org.br1809-45380101-3157opendoar:2022-02-22T00:00Revista de Economia Política - EDITORA 34false |
dc.title.none.fl_str_mv |
Reforming old-age pension systems in developing countries: lessons from Latin America |
title |
Reforming old-age pension systems in developing countries: lessons from Latin America |
spellingShingle |
Reforming old-age pension systems in developing countries: lessons from Latin America RONCADA,ANA LUIZA CORTEZ Pensions pension reform pension system |
title_short |
Reforming old-age pension systems in developing countries: lessons from Latin America |
title_full |
Reforming old-age pension systems in developing countries: lessons from Latin America |
title_fullStr |
Reforming old-age pension systems in developing countries: lessons from Latin America |
title_full_unstemmed |
Reforming old-age pension systems in developing countries: lessons from Latin America |
title_sort |
Reforming old-age pension systems in developing countries: lessons from Latin America |
author |
RONCADA,ANA LUIZA CORTEZ |
author_facet |
RONCADA,ANA LUIZA CORTEZ |
author_role |
author |
dc.contributor.author.fl_str_mv |
RONCADA,ANA LUIZA CORTEZ |
dc.subject.por.fl_str_mv |
Pensions pension reform pension system |
topic |
Pensions pension reform pension system |
description |
ABSTRACT Latin American countries, pioneered by Chile, have launched bold old age pension reforms. While these reforms may address issues of financial sustainability of the pension systems, their most valuable contribution is related to political economy aspects as they avoid perverse redistribution within the system and minimise the risk of government appropriation. On the negative side, Chilean inspired reforms represent a costly approach to reform; they may lead to concentration within the industry and increase risks faced by the individual. They do not eliminate evasion, and in some of its versions, they may introduce problems of adverse selection. More importantly, such reforms do not guarantee that old age will be free of poverty, which is (or should be) the main objective of a pension system. |
publishDate |
2000 |
dc.date.none.fl_str_mv |
2000-03-01 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572000000100124 |
url |
http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572000000100124 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
10.1590/0101-31572000-0974 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
text/html |
dc.publisher.none.fl_str_mv |
Centro de Economia Política |
publisher.none.fl_str_mv |
Centro de Economia Política |
dc.source.none.fl_str_mv |
Brazilian Journal of Political Economy v.20 n.1 2000 reponame:Revista de Economia Política instname:EDITORA 34 instacron:EDITORA_34 |
instname_str |
EDITORA 34 |
instacron_str |
EDITORA_34 |
institution |
EDITORA_34 |
reponame_str |
Revista de Economia Política |
collection |
Revista de Economia Política |
repository.name.fl_str_mv |
Revista de Economia Política - EDITORA 34 |
repository.mail.fl_str_mv |
||cecilia.heise@bjpe.org.br |
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1754122479384657920 |