Keeping the Promise of Social Security in Latin America

Nations around the world (both large and small, rich and poor) are engaged in debate over how to reform their social security systems and care for the aged. For many countries this debate requires speculation on hypothetical scenarios, but in Latin...

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Main Authors: Gill, Indermit S., Packard, Truman, Yermo, Juan
Other Authors: Pugatch, Todd
Format: Publication
Language:English
en_US
Published: Palo Alto, CA: Stanford University Press 2012
Subjects:
Online Access:http://documents.worldbank.org/curated/en/2005/01/6439421/keeping-promise-social-security-latin-america
http://hdl.handle.net/10986/7391
id okr-10986-7391
recordtype oai_dc
spelling okr-10986-73912021-04-23T14:02:30Z Keeping the Promise of Social Security in Latin America Gill, Indermit S. Packard, Truman Yermo, Juan Pugatch, Todd ADMINISTRATIVE COSTS AFFILIATES ANNUITIES BALANCE SHEETS BANKS BASIC PENSION BENEFIT FORMULA CAPITAL MARKETS COMPONENTS CONTINGENT LIABILITY CONTRIBUTION RATES DEBT DEFICITS DEFINED CONTRIBUTION SYSTEMS DEFINED CONTRIBUTIONS DEPOSITS E-MAIL ECONOMIC MANAGEMENT FINANCIAL DEEPENING FINANCIAL INSTITUTIONS FINANCIAL SYSTEMS FISCAL ADJUSTMENT FISCAL BALANCE FISCAL BURDEN FISCAL LIABILITIES FISCAL STABILITY FISCAL SUSTAINABILITY FOREIGN ASSETS FORMAL SECTOR FUNDED ACCOUNTS FUNDED COMPONENT FUNDED SCHEMES FUNDED SYSTEMS GOVERNMENT DEBT GOVERNMENT TRANSFERS GROSS RETURNS HOUSING INCENTIVES TO SAVE INCOME GROUPS INDIVIDUAL ACCOUNTS INFLATION INSURANCE COMPANY INTEREST RATES INTERGENERATIONAL FAIRNESS INVESTMENT PERFORMANCE LABOR MARKETS LATIN AMERICAN LIFE EXPECTANCY LONGEVITY RISK MANDATES MANDATORY SCHEMES MARKET ECONOMIES MONETARY POLICIES MORAL HAZARD MORTALITY TABLES MULTIPILLAR PENSION SYSTEMS MULTIPILLAR SYSTEMS MUTUAL FUNDS OPERATING COSTS OPERATIONAL EXPENSES PAY-AS-YOU-GO SYSTEMS PENSION DEBT PENSION FUND PENSION FUND ADMINISTRATOR PENSION FUND ADMINISTRATORS PENSION FUND PORTFOLIOS PENSION FUNDS PENSION PLANS PENSION REFORM PENSION REFORMS PENSION SAVINGS PENSION SAVINGS PLANS PENSION SCHEMES PENSION SYSTEM PENSION SYSTEMS PENSIONS PRIVATE PILLAR PRIVATE PILLARS PRIVATE SECTOR PRIVATE SECTORS PRIVATIZATION PUBLIC POLICY RETIREMENT RETIREMENT BENEFITS RETIREMENT INCOME RETIREMENT INCOME SECURITY RETIREMENT SAVINGS RISK MANAGEMENT SAVINGS ACCOUNTS SOCIAL INSURANCE SOCIAL INSURANCE SYSTEM SOCIAL PROTECTION SOCIAL SECURITY SOCIAL SECURITY REFORM SOCIAL SECURITY SYSTEMS STOCK MARKET SUBSIDIARY SUPERVISORY AUTHORITIES TAX ADVANTAGES WAGES WORKER CONTRIBUTIONS Nations around the world (both large and small, rich and poor) are engaged in debate over how to reform their social security systems and care for the aged. For many countries this debate requires speculation on hypothetical scenarios, but in Latin America a rich body of experience on social security reform has been accumulating for more than a decade (for Chile, more than two decades). This report, entitled, Keeping the Promise of Social Security in Latin America, takes stock of those reforms, evaluates their successes and failures, and considers the lessons that can be drawn for the future of pension policy in the region. The authors draw on a series of background papers and surveys commissioned specifically for this inquiry, as well as existing research conducted by themselves and other pension experts. In the debate on pension reform there is no orthodoxy, as reflected in major differences of opinion among leading experts. Despite more than a decade of experience with pension reform in Latin America, although undoubtedly a major step forward, reforms are still works in progress. This report furthers enrich the policy dialogue that is of crucial importance to the future of the region. 2012-06-07T15:13:15Z 2012-06-07T15:13:15Z 2005 http://documents.worldbank.org/curated/en/2005/01/6439421/keeping-promise-social-security-latin-america 0-8213-5817-0 http://hdl.handle.net/10986/7391 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Palo Alto, CA: Stanford University Press Washington, DC: World Bank Publications & Research :: Publication Publications & Research :: Publication Latin America & Caribbean
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
en_US
topic ADMINISTRATIVE COSTS
AFFILIATES
ANNUITIES
BALANCE SHEETS
BANKS
BASIC PENSION
BENEFIT FORMULA
CAPITAL MARKETS
COMPONENTS
CONTINGENT LIABILITY
CONTRIBUTION RATES
DEBT
DEFICITS
DEFINED CONTRIBUTION SYSTEMS
DEFINED CONTRIBUTIONS
DEPOSITS
E-MAIL
ECONOMIC MANAGEMENT
FINANCIAL DEEPENING
FINANCIAL INSTITUTIONS
FINANCIAL SYSTEMS
FISCAL ADJUSTMENT
FISCAL BALANCE
FISCAL BURDEN
FISCAL LIABILITIES
FISCAL STABILITY
FISCAL SUSTAINABILITY
FOREIGN ASSETS
FORMAL SECTOR
FUNDED ACCOUNTS
FUNDED COMPONENT
FUNDED SCHEMES
FUNDED SYSTEMS
GOVERNMENT DEBT
GOVERNMENT TRANSFERS
GROSS RETURNS
HOUSING
INCENTIVES TO SAVE
INCOME GROUPS
INDIVIDUAL ACCOUNTS
INFLATION
INSURANCE COMPANY
INTEREST RATES
INTERGENERATIONAL FAIRNESS
INVESTMENT PERFORMANCE
LABOR MARKETS
LATIN AMERICAN
LIFE EXPECTANCY
LONGEVITY RISK
MANDATES
MANDATORY SCHEMES
MARKET ECONOMIES
MONETARY POLICIES
MORAL HAZARD
MORTALITY TABLES
MULTIPILLAR PENSION SYSTEMS
MULTIPILLAR SYSTEMS
MUTUAL FUNDS
OPERATING COSTS
OPERATIONAL EXPENSES
PAY-AS-YOU-GO SYSTEMS
PENSION DEBT
PENSION FUND
PENSION FUND ADMINISTRATOR
PENSION FUND ADMINISTRATORS
PENSION FUND PORTFOLIOS
PENSION FUNDS
PENSION PLANS
PENSION REFORM
PENSION REFORMS
PENSION SAVINGS
PENSION SAVINGS PLANS
PENSION SCHEMES
PENSION SYSTEM
PENSION SYSTEMS
PENSIONS
PRIVATE PILLAR
PRIVATE PILLARS
PRIVATE SECTOR
PRIVATE SECTORS
PRIVATIZATION
PUBLIC POLICY
RETIREMENT
RETIREMENT BENEFITS
RETIREMENT INCOME
RETIREMENT INCOME SECURITY
RETIREMENT SAVINGS
RISK MANAGEMENT
SAVINGS ACCOUNTS
SOCIAL INSURANCE
SOCIAL INSURANCE SYSTEM
SOCIAL PROTECTION
SOCIAL SECURITY
SOCIAL SECURITY REFORM
SOCIAL SECURITY SYSTEMS
STOCK MARKET
SUBSIDIARY
SUPERVISORY AUTHORITIES
TAX ADVANTAGES
WAGES
WORKER CONTRIBUTIONS
spellingShingle ADMINISTRATIVE COSTS
AFFILIATES
ANNUITIES
BALANCE SHEETS
BANKS
BASIC PENSION
BENEFIT FORMULA
CAPITAL MARKETS
COMPONENTS
CONTINGENT LIABILITY
CONTRIBUTION RATES
DEBT
DEFICITS
DEFINED CONTRIBUTION SYSTEMS
DEFINED CONTRIBUTIONS
DEPOSITS
E-MAIL
ECONOMIC MANAGEMENT
FINANCIAL DEEPENING
FINANCIAL INSTITUTIONS
FINANCIAL SYSTEMS
FISCAL ADJUSTMENT
FISCAL BALANCE
FISCAL BURDEN
FISCAL LIABILITIES
FISCAL STABILITY
FISCAL SUSTAINABILITY
FOREIGN ASSETS
FORMAL SECTOR
FUNDED ACCOUNTS
FUNDED COMPONENT
FUNDED SCHEMES
FUNDED SYSTEMS
GOVERNMENT DEBT
GOVERNMENT TRANSFERS
GROSS RETURNS
HOUSING
INCENTIVES TO SAVE
INCOME GROUPS
INDIVIDUAL ACCOUNTS
INFLATION
INSURANCE COMPANY
INTEREST RATES
INTERGENERATIONAL FAIRNESS
INVESTMENT PERFORMANCE
LABOR MARKETS
LATIN AMERICAN
LIFE EXPECTANCY
LONGEVITY RISK
MANDATES
MANDATORY SCHEMES
MARKET ECONOMIES
MONETARY POLICIES
MORAL HAZARD
MORTALITY TABLES
MULTIPILLAR PENSION SYSTEMS
MULTIPILLAR SYSTEMS
MUTUAL FUNDS
OPERATING COSTS
OPERATIONAL EXPENSES
PAY-AS-YOU-GO SYSTEMS
PENSION DEBT
PENSION FUND
PENSION FUND ADMINISTRATOR
PENSION FUND ADMINISTRATORS
PENSION FUND PORTFOLIOS
PENSION FUNDS
PENSION PLANS
PENSION REFORM
PENSION REFORMS
PENSION SAVINGS
PENSION SAVINGS PLANS
PENSION SCHEMES
PENSION SYSTEM
PENSION SYSTEMS
PENSIONS
PRIVATE PILLAR
PRIVATE PILLARS
PRIVATE SECTOR
PRIVATE SECTORS
PRIVATIZATION
PUBLIC POLICY
RETIREMENT
RETIREMENT BENEFITS
RETIREMENT INCOME
RETIREMENT INCOME SECURITY
RETIREMENT SAVINGS
RISK MANAGEMENT
SAVINGS ACCOUNTS
SOCIAL INSURANCE
SOCIAL INSURANCE SYSTEM
SOCIAL PROTECTION
SOCIAL SECURITY
SOCIAL SECURITY REFORM
SOCIAL SECURITY SYSTEMS
STOCK MARKET
SUBSIDIARY
SUPERVISORY AUTHORITIES
TAX ADVANTAGES
WAGES
WORKER CONTRIBUTIONS
Gill, Indermit S.
Packard, Truman
Yermo, Juan
Keeping the Promise of Social Security in Latin America
geographic_facet Latin America & Caribbean
description Nations around the world (both large and small, rich and poor) are engaged in debate over how to reform their social security systems and care for the aged. For many countries this debate requires speculation on hypothetical scenarios, but in Latin America a rich body of experience on social security reform has been accumulating for more than a decade (for Chile, more than two decades). This report, entitled, Keeping the Promise of Social Security in Latin America, takes stock of those reforms, evaluates their successes and failures, and considers the lessons that can be drawn for the future of pension policy in the region. The authors draw on a series of background papers and surveys commissioned specifically for this inquiry, as well as existing research conducted by themselves and other pension experts. In the debate on pension reform there is no orthodoxy, as reflected in major differences of opinion among leading experts. Despite more than a decade of experience with pension reform in Latin America, although undoubtedly a major step forward, reforms are still works in progress. This report furthers enrich the policy dialogue that is of crucial importance to the future of the region.
author2 Pugatch, Todd
author_facet Pugatch, Todd
Gill, Indermit S.
Packard, Truman
Yermo, Juan
format Publications & Research :: Publication
author Gill, Indermit S.
Packard, Truman
Yermo, Juan
author_sort Gill, Indermit S.
title Keeping the Promise of Social Security in Latin America
title_short Keeping the Promise of Social Security in Latin America
title_full Keeping the Promise of Social Security in Latin America
title_fullStr Keeping the Promise of Social Security in Latin America
title_full_unstemmed Keeping the Promise of Social Security in Latin America
title_sort keeping the promise of social security in latin america
publisher Palo Alto, CA: Stanford University Press
publishDate 2012
url http://documents.worldbank.org/curated/en/2005/01/6439421/keeping-promise-social-security-latin-america
http://hdl.handle.net/10986/7391
_version_ 1764400010347151360