The Limits of Pension Privatization: Lessons from Argentine Experience |
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Authors: | Camila Arza |
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Institution: | aLatin American School of Social Sciences, Argentina |
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Abstract: | The paper studies the operation of the mixed pension system established in Argentina in 1994. It points to the limitations that the new system has encountered to achieve some of the most important objectives of pension policy and pension reform. The analysis looks at the mechanisms affecting pension system performance, with particular attention to the way in which the new pension rules have interacted with the local macroeconomic, social, and political context. The empirical analysis of this experience is oriented to provide lessons for Argentina’s future reforms, as well as for many Latin American countries with similar pension arrangements. |
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Keywords: | privatization pension reform social security three-pillar model Latin America Argentina |
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