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Pension Reform In Latin America

Published online by Cambridge University Press:  14 November 2008

Armando Barrientos
Armando Barrientos
Affiliation:
University of Hertfordshire, Mangrove Road, Hertford, Herts SG13 8QF, UK.
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Abstract

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Type
Review Article
Information
Ageing & Society , Volume 15 , Issue 3 , September 1995 , pp. 407 - 414
Copyright
Copyright © Cambridge University Press 1995

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References

1 The rapid spread of personal pensions in developed countries has been characterised as a ‘personal pensions stampede’. See Gustman, A. and Steinmeier, T., The stampede towards defined contribution plans: fact or fiction?, Industrial Relations, 31 (2), (1992), 361–369Google Scholar; and Disney, R. and Whitehouse, E., The Personal Pensions Stampede, Institute for Fiscal Studies, London, 05 1992.CrossRefGoogle Scholar

2 See, Privatisation of pensions in Latin America, International Labour Review, 133 (1), (1994), 134–141.Google Scholar

3 See Vittas, D., Argentina: Rebuilding Capital Markets Institutional Investors, mimeo, The World Bank, Washington D.C., 1994.Google Scholar

4 The private element of the pension scheme was further eroded as the Banco de la Nación, in combination with Provida, one of the major Chilean pension funds, was allowed to set up its own Administradora. This is likely to enjoy considerable competitive advantage as the funds are guaranteed by the government.

5 An excellent discussion of the different functions of pension schemes can be found in Bodie, Z., Pension as retirement income insurance, Journal of Economic Literature, 28, (1990), 28–49.Google Scholar

6 See Barrientos, A and Firinguetti, L., Pension Reform and Low Paid Workers, University of Hertfordshire Business School, Working Paper UHBS 1994:9, Hertford.Google Scholar