The Limits of Pension Privatization: Lessons from Argentine Experience

World Development

Volumn 36, Issue 12, 2008, Pages 2696-2712

  Arza, Camila ^a  

^a Latin American School of Social Sciences   (Argentina)

Author keywords

Argentina; Latin America; pension reform; privatization; social security; three pillar model

Indexed keywords

EMPIRICAL ANALYSIS; MACROECONOMICS; PENSION SYSTEM; PRIVATIZATION; SOCIAL SECURITY;

ARGENTINA; LATIN AMERICA; SOUTH AMERICA;

EID: 55949135179     PISSN: 0305750X     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.worlddev.2008.03.001     Document Type: Article

References (50)

1. Arza, C. (2005). Aims, outcomes and prospects of pension reform in Argentina: An assessment ten years after, Policy Paper 6, Observatorio Argentino, New School for Social Research.
2. Arza C. Distributional impacts of social policy: Pension regimes in Argentina since c.1944'. Journal of Economic History 66 2 (2006) 467-472
3. Arza C. Distributional impacts of pension policy in Argentina: Winners and losers within and across generations. International Social Security Review 59 3 (2006) 79-102
4. Arza C. Pension reform in Latin America: Distributional principles, inequalities and alternative policy options. Journal of Latin American Studies 40 (2007) 1-28
5. Baker, D., & Weisbrot, M. (2002). The role of social security privatization in Argentina's economic crisis. Center for Economic and Policy Research. .
6. In: Barlett W., Roberts J., and Le Grand J. (Eds). A revolution in social policy: Lessons from the development of quasi-markets in the 1990s (1998), Polity, Bristol
7. Barr N. Reforming pensions: Myths, truths, and policy choices. International Social Security Review 55 2 (2002) 3-36
8. Barr N., and Diamond P. The economics of pensions. Oxford Review of Economic Policy 22 1 (2006) 15-39
9. Bertranou F., and Grushka C. Beneficios sociales y pobreza en Argentina: Estudio del programa de pensiones no contributivas. In: Bertranou F., Solorio C., and van Ginneken W. (Eds). Pensiones no contributivas y asistenciales (2002), International Labour Organization, Santiago 31-62
10. Bertranou F., and Sánchez A. Características y determinantes de la densidad de aportes a la seguridad social en la Argentina 1994-2001. MTESS, Historias laborales en la seguridad social (2003), Ministerio de Trabajo, Empleo y Seguridad Social, Buenos Aires 37-64
11. Beveridge, W. (1942). Social insurance and allied services: report. HMSO, Londres.
12. In: Castles F. (Ed). The impact of parties. Politics and policies in democratic capitalist states (1982), Sage, London
13. Castles F. Families of nations: Patterns of public policy in Western democracies (1993), Dartmouth, Althershot
14. Cetrángolo, & Jimenez (2003). Política fiscal en la Argentina durante el regimen de Convertibilidad. Serie Gestión Pública 35, Comisión Económica para América Latina.
15. Conferencia Interamericana de Seguridad Social (1995). La seguridad social en Argentina, Serie Monografías 17. Conferencia Interamericana de Seguridad Social, México, DF.
16. Eatwell, J. (2004). Pensions, fiscal policy and the distribution of risk. Paper presented at the Conference pension fund capitalism and the crisis of old-age security in the United States, New School University, New York, September 10-11.
17. Esping-Andersen G. Three worlds of welfare capitalism (1990), Princeton University Press, Princeton
18. European Commission (2006). Adequate and sustainable pensions. Synthesis report. European Commission, Brussels.
19. Feldstein M. The missing piece in policy analysis: Social security reform. American Economic Review 8 2 (1996) Papers and Proceedings of the hundredth and eighth annual meeting of the American Economic Association, San Francisco, CA, January 5-7 (pp. 1-14)
20. Feldstein, M., & Liebman, J. (2000). The distributional effects of an investment-based social security system. National Bureau of Economic Research, Working Paper 7492, Cambridge, MA.
21. Feldstein, M., & Ranguelova, E. (1998). Individual risk and intergenerational risk sharing in an investment-based social security system. National Bureau of Economic Research Working Paper 6839, Cambridge, MA.
22. FIEL. El sistema de seguridad social. Una propuesta de reforma (1995), FIEL/Consejo Empresario Argentino, Buenos Aires
23. FIEL. La reforma previsional en Argentina. El impacto macroeconómico y la organización del mercado de las AFJP (1998), Fundación de Investigaciones Económicas Latinoamericas, Buenos Aires
24. FIEL. El sistema de jubilaciones en Argentina. Una evaluación de la reforma y el impacto del default (2005), Fundación de Investigaciones Económicas Latinoamericanas, Buenos Aires
25. Geanakoplos, J., Mitchell, O., & Zeldes, S. (1998). Would a privatized social security system really pay a higher rate of return? National Bureau of Economic Research, Working Paper 6713, Cambridge, MA.
26. Gill I., Packard T., and Yermo J. Keeping the promise of old age income security in Latin America (2005), World Bank, Washington, DC
27. Goldberg L., and Lo Vuolo R. Falsas promesas. Sistema de previsión social y régimen de acumulación (2006), Mino y Dávila/CIEPP, Buenos Aires
28. Gurshka, C. (2002). Proyecciones previsionales de largo plazo. Argentina 2000-2050. Superintendencia de Administradoras de Fondos de Jubilaciones y Pensiones, Estudio Especial No. 14, Buenos Aires.
29. Holzmann R., Hinz R., von Gersdorff H., Gill I., Impavido G., Musalem A., et al. Old-age income support in the twenty-first century: An international perspective on pension systems and reform (2005), World Bank, Washington, DC
30. ILO. Social security: A new consensus (2001), International Labour Office, Geneva
31. James, E. (1996). Protecting the old and promoting growth. A defense of Averting the old age crisis. Policy Research Working Paper 1570, World Bank, Washington, DC.
32. Korpi W., and Palme J. New politics and class politics in the context of austerity and globalization: Welfare state regress in 18 countries, 1975-1995. American Political Science Review 97 3 (2003) 425-446
33. Mesa-Lago C. Social security in Latin America. Pressure groups, stratification and inequality (1978), University of Pittsburgh Press, Pittsburgh
34. Mesa-Lago, C. (2004). Las reformas de pensiones en América Latina y su impacto en los principios de la seguridad social. Serie Financiamiento y Desarrollo 144, Comisión Económica para América Latina.
35. Ministerio de Economía (2007). Informe económico trimestral, No. 56, Buenos Aires.
36. Mitchell O., and Zeldes S. Social security privatization: A structure for analysis. American Economic Review 86 2 (1996) 363-367
37. MTESS (2005). Prospectiva de la previsión social. Valuación financiera actuarial del SIJP 2005/2050. Ministerio de Trabajo, Empleo y Seguridad Social, Buenos Aires.
38. MTSS (1963). Análisis económico financiero de las cajas nacionales de prevision social, 1950-61. Ministerio de Trabajo y Seguridad Social, Buenos Aires.
39. MTSS (2001). Estadísticas de seguridad social. Series históricas 1971-2000. Ministerio de Trabajo y Seguridad Social, Buenos Aires.
40. Orszag, P. (1999). Administrative costs in individual accounts in the United Kingdom. Center on Budget and Policy Priorities, London.
41. Orszag P., and Stiglitz J. Rethinking pension reform: Ten myths about social security systems. In: Holzmann R., and Stiglitz J. (Eds). New ideas about old age security. Towards sustainable pension systems in the 21st century (2001), World Bank, Washington, DC 17-89
42. Posadas, L. (1994). El nuevo sistema de jubilacionesy pensiones y el deficit previsional público. Estudios 17 (68), Córdoba, Argentina.
43. Rofman, R., & Lucchetti, L. (2006). Pension systems in Latin America: Concepts and measurements of coverage. World Bank, Social Protection Discussion Papers Nro. 0616, Washington, DC.
44. SAFJP (2002). Memoria trimestral No. 31. Superintendencia de Administradoras de Fondos de Jubilaciones y Pensiones, Buenos Aires.
45. SAFJP (2007). Memoria trimestral No. 50. Superintendencia de Administradoras de Fondos de Jubilaciones y Pensiones, Buenos Aires.
46. Samuelson P. An exact consumption-loan model of interest with or without the social contrivance of money. The Journal of Political Economy 66 6 (1958) 467-482
47. Schulthess, W., & Demarco, G. (1993). Argentina: Evolución del sistema nacional de previsión social y propuesta de reforma. Comisión Económica para América Latina, Santiago de Chile.
48. Schulthess, W., & Demarco, G. (2000). El financiamiento del régimen previsional público en Argentina después de la reforma. Serie política fiscal 111, Comisión Económica para América Latina.
49. Whitehouse, E. (2000). Paying for pensions. An international comparison of administrative charges in funded retirement-income systems. Financial Service Authority, Occasional Paper Series 13, London.
50. World Bank. Averting the old age crisis: Policies to protect the old and promote growth (1994), Oxford University Press, Oxford