Lessons From Pension Reform In The Americas by Stephen J. KayLessons From Pension Reform In The Americas by Stephen J. Kay

Lessons From Pension Reform In The Americas

EditorStephen J. Kay, Tapen Sinha

Hardcover | November 22, 2007

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Latin American experiments with pension reform began when Chile converted its public pay-as-you-go system to a system of private individual accounts in the early 1980s. Several other Latin American countries then followed suit, inspired both by Chile's reforms and by World Bank recommendationsstressing compulsory government-mandated individual saving accounts. Individual accounts were subsequently introduced in a number of countries in Europe and Asia. Many are now re-evaluating these privatisations in an effort to 'reform the reform' to make these systems more efficient and equitable.This volume is the first to assess pension reforms in this new 'post-privatization' era. After a discussion on demographic trends in the foreword by Nobel laureate Robert W. Fogel, Section 1 of the book includes chapters on the role of pension system default options, the impact of gender, and a discussion of the World Bank's policies on pension reform. The chapter on the evidence fromChile's new social protection survey points to key lessons from the world's first privatization. Section 2 offers in-depth analysis of several significant reform initiatives in the hemisphere, and includes chapters on the United States, Canada, Mexico, Costa Rica, Brazil, Peru, Uruguay andArgentina. The volume provides an unparalleled account of the lessons from pension reform in the Americas, addressing the most pressing policy issues and highlighting a broad range of country experiences.
Stephen Kay is the coordinator of Latin America analysis in the Federal Reserve Bank of Atlanta's Research Department and coordinator of the Bank's Americas Center. His articles on pension reform in Latin America have appeared in Comparative Politics, Economic Review, Foreign Policy, the Journal of Aging and Social Policy, the Journal...
Title:Lessons From Pension Reform In The AmericasFormat:HardcoverDimensions:425 pages, 9.21 × 6.14 × 1.14 inPublished:November 22, 2007Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0199226806

ISBN - 13:9780199226801


Table of Contents

Robert W. Fogel: Foreword: Toward an Era of Longevity and Wealth1. Stephen J. Kay and Tapen Sinha: Overview: Lessons from Pension Reform in the AmericasPart I: System Design and Policy Implications2. Alberto Arenas de Mesa, David Bravo, Jere R. Behrman, Olivia S. Mitchell, and Petra E. Todd: The Chilean Pension Reform Turns 25: Lessons from the Social Protection Survey3. John Beshears, James J. Choi, David Laibson, and Brigitte C. Madrian: The Importance of Default Options for Retirement Saving Outcomes: Evidence from the United States4. Estelle James, Alejandra Cox Edwards, and Rebeca Wong: The Gender Impact of Social Security Reform in Latin America5. Michelle Dion: Understanding the Gendered Dimensions of Pension Reform6. Robert Holzmann, Estelle James, and Truman Packard: Reflections on Pension Reform in the Americas: From "Averting the Old-Age Crisis" to "Keeping the Promise of Old-Age Security" and Beyond7. Kurt Weyland: Bounded Rationality in Latin American Pension ReformPart II: Country Studies8. John F. Cogan and Olivia S. Mitchell: Perspectives from the President's Commission on Social Security Reform9. Robert Brown: Reforms to Canadian Social Security, 1996/9710. Tapen Sinha and Maria De Los Angeles Yanez: A Decade of Government Mandated Privately Run Pensions in Mexico: What Have We Learned?11. Milko Matijascic and Stephen J. Kay: Pensions in Brazil: Reaching the Limits of Parametric Reform in Latin America12. Juliana Martinez Franzoni: Costa Rica's Pension Reform: A Decade of Negotiated Incremental Change13. Eduardo Moron and Eliana Carranza: The Peruvian Pension Reform: Ailing or Failing?14. Rodolfo Saldain: Uruguay: A Mixed Reform15. Rafael Rofman: The Pension System in Argentina16. Olivia Mitchell: Epilogue: The Future of Retirement Systems in the Americas