Publication:
Reforming the Pension Reforms : The Recent Initiatives and Actions on Pensions in Argentina and Chile

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dc.contributor.authorFajnzylber, Eduardo
dc.contributor.authorRofman, Rafael
dc.contributor.authorHerrera, German
dc.date.accessioned2014-09-17T17:30:27Z
dc.date.available2014-09-17T17:30:27Z
dc.date.issued2008-05
dc.description.abstractThis paper describes the recent reforms of pension policies adopted by Argentina and Chile. The structural reforms in the 1980s and 90s were targeted on improving the long term fiscal sustainability of the system and their institutional design, while transferring part of the economic and social risks from the State to participants. However, in recent year s authorities in both countries coincided on identifying insufficient coverage among the elderly and adequacy of benefits as the most critical problems. As a result of differences in political economy and institutional constraints, responses were different. In Chile, a long and participatory process resulted in a large reform that focuses on impacts on the medium term, through a carefully calibrated adjustment. In Argentina, instead, reforms were adopted through a large number of successive normative corrections, with little public debate about their implications, and immediate impacts on coverage and fiscal demands.en
dc.identifierhttp://documents.worldbank.org/curated/en/2008/05/20170223/reforming-pension-reforms-recent-initiatives-actions-pensions-argentina-chile
dc.identifier.doi10.1596/20200
dc.identifier.urihttps://hdl.handle.net/10986/20200
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesSocial protection and labor discussion paper;no. 0831
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subject401K PLANS
dc.subjectANNUITIES
dc.subjectANNUITY
dc.subjectANNUITY PROVIDERS
dc.subjectAVERAGE BENEFIT
dc.subjectAVERAGE BENEFITS
dc.subjectBASIC PENSION
dc.subjectBENEFICIARIES
dc.subjectBENEFIT LEVEL
dc.subjectBENEFIT LEVELS
dc.subjectBIDDING PROCESS
dc.subjectBOND
dc.subjectBOND OBLIGATIONS
dc.subjectBONDS
dc.subjectCAPITAL MARKETS
dc.subjectCENTRAL BANK
dc.subjectCOMPENSATION
dc.subjectCOMPETITIVE BIDDING
dc.subjectCONFLICTS OF INTEREST
dc.subjectCONTRIBUTION PAYMENT
dc.subjectCONTRIBUTION RATE
dc.subjectCONTRIBUTION RATES
dc.subjectCONTRIBUTION RECORDS
dc.subjectCOURT
dc.subjectCUSTOMER SERVICE
dc.subjectDEBT
dc.subjectDEBTS
dc.subjectDEFICITS
dc.subjectDEFINED BENEFIT
dc.subjectDEFINED BENEFITS
dc.subjectDEFINED CONTRIBUTION SYSTEMS
dc.subjectDEMOCRACY
dc.subjectDEMOGRAPHIC
dc.subjectDEPENDENCY RATIO
dc.subjectDEPOSIT
dc.subjectDEPOSITS
dc.subjectDEVALUATION
dc.subjectDISABILITY
dc.subjectDIVORCE
dc.subjectEARLY RETIREMENT
dc.subjectEARLY RETIREMENT PROGRAM
dc.subjectECONOMIC CONDITIONS
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC PERFORMANCE
dc.subjectELDERLY
dc.subjectEQUITY ISSUES
dc.subjectEXCHANGE RATE
dc.subjectEXPENDITURE
dc.subjectEXPENDITURES
dc.subjectFAMILIES
dc.subjectFINANCE MINISTRIES
dc.subjectFINANCIAL DEVELOPMENT
dc.subjectFINANCIAL FLOWS
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL INSTRUMENTS
dc.subjectFINANCIAL PRODUCTS
dc.subjectFINANCIAL RISKS
dc.subjectFISCAL DEFICITS
dc.subjectFISCAL POLICY
dc.subjectFOREIGN INVESTMENT
dc.subjectFORMAL PENSION
dc.subjectFORMAL PENSION SYSTEM
dc.subjectFUND MANAGERS
dc.subjectFUNDED SCHEME
dc.subjectFUNDED SCHEMES
dc.subjectFUTURE INCOME
dc.subjectGENDER
dc.subjectGENDER EQUALITY
dc.subjectGENDER EQUITY
dc.subjectGENDER INEQUALITY
dc.subjectHEADS OF HOUSEHOLDS
dc.subjectHEALTH SYSTEM
dc.subjectINCOME INEQUALITY
dc.subjectINCOME SECURITY
dc.subjectINCOME TAX
dc.subjectINCOME TAXES
dc.subjectINDIVIDUAL ACCOUNT
dc.subjectINDIVIDUAL ACCOUNTS
dc.subjectINDIVIDUAL BENEFITS
dc.subjectINFLATION
dc.subjectINFORMAL SECTORS
dc.subjectINFRASTRUCTURE PROJECTS
dc.subjectINNOVATIONS
dc.subjectINSTITUTIONAL CONSTRAINTS
dc.subjectINSTRUMENT
dc.subjectINSURANCE
dc.subjectINSURANCE COMPANIES
dc.subjectINSURANCE COMPANY
dc.subjectINSURANCE PREMIUM
dc.subjectINTEREST INCOME
dc.subjectINVESTMENT POLICIES
dc.subjectINVESTMENT PORTFOLIOS
dc.subjectINVESTMENT REGIME
dc.subjectINVESTMENT REGIMES
dc.subjectJUDGE
dc.subjectJURISDICTIONS
dc.subjectLABOR FORCE
dc.subjectLABOR FORCE PARTICIPATION
dc.subjectLABOR MARKET
dc.subjectLABOR MARKETS
dc.subjectLAWS
dc.subjectLEGAL FRAMEWORK
dc.subjectLEGAL SYSTEM
dc.subjectLEGISLATION
dc.subjectLIFE EXPECTANCY
dc.subjectLIFE INSURANCE
dc.subjectLOCAL CAPITAL MARKETS
dc.subjectMARKET CAPITALIZATION
dc.subjectMARKET PERFORMANCE
dc.subjectMINIMUM BENEFIT
dc.subjectMINIMUM BENEFITS
dc.subjectMINIMUM WAGE
dc.subjectMINIMUM WAGES
dc.subjectMOTIVATION
dc.subjectMUTUAL FUNDS
dc.subjectNATIONAL PENSION
dc.subjectNATIONAL SAVINGS
dc.subjectOCCUPATIONAL SCHEMES
dc.subjectOUTSOURCING
dc.subjectPENSION
dc.subjectPENSION BENEFIT
dc.subjectPENSION BENEFITS
dc.subjectPENSION COST
dc.subjectPENSION COVERAGE
dc.subjectPENSION EARNINGS
dc.subjectPENSION EDUCATION
dc.subjectPENSION ENTITLEMENTS
dc.subjectPENSION EXPENDITURES
dc.subjectPENSION FUND
dc.subjectPENSION FUND ADMINISTRATORS
dc.subjectPENSION FUND ASSETS
dc.subjectPENSION FUND INVESTMENT
dc.subjectPENSION FUND MANAGERS
dc.subjectPENSION FUNDS
dc.subjectPENSION POLICIES
dc.subjectPENSION POLICY
dc.subjectPENSION REFORM
dc.subjectPENSION REFORMS
dc.subjectPENSION SAVINGS
dc.subjectPENSION SAVINGS PLAN
dc.subjectPENSION SCHEME
dc.subjectPENSION SCHEMES
dc.subjectPENSION SPENDING
dc.subjectPENSION SYSTEM
dc.subjectPENSION SYSTEMS
dc.subjectPENSIONERS
dc.subjectPENSIONS
dc.subjectPOLITICAL ECONOMY
dc.subjectPOLITICAL PROCESS
dc.subjectPRICE COMPETITION
dc.subjectPRIVATE MANAGEMENT
dc.subjectPUBLIC PENSIONS
dc.subjectPUBLIC SYSTEM
dc.subjectPURCHASING POWER
dc.subjectRAPID GROWTH
dc.subjectRATE OF RETURN
dc.subjectREGULATORY FRAMEWORK
dc.subjectREPLACEMENT RATE
dc.subjectREPLACEMENT RATES
dc.subjectRESERVE
dc.subjectRESERVES
dc.subjectRESIDENCE
dc.subjectRETIREES
dc.subjectRETIREMENT
dc.subjectRETIREMENT AGE
dc.subjectRETIREMENT BENEFITS
dc.subjectRETIREMENT INCOME
dc.subjectRETIRING WORKERS
dc.subjectRETURN
dc.subjectRETURNS
dc.subjectRISK MEASUREMENT
dc.subjectSAFETY
dc.subjectSAFETY NET
dc.subjectSAVINGS ACCOUNTS
dc.subjectSAVINGS SCHEMES
dc.subjectSCHEDULED WITHDRAWALS
dc.subjectSELF EMPLOYED
dc.subjectSELF EMPLOYED WORKERS
dc.subjectSERVANTS
dc.subjectSOCIAL DEVELOPMENT
dc.subjectSOCIAL POLICY
dc.subjectSOCIAL PROTECTION
dc.subjectSOCIAL RISKS
dc.subjectSOCIAL SAFETY NET
dc.subjectSOCIAL SECURITY
dc.subjectSOCIAL SECURITY AGENCY
dc.subjectSOCIAL SECURITY SYSTEM
dc.subjectSTATE GUARANTEE
dc.subjectSURVIVORS INSURANCE
dc.subjectTAX
dc.subjectTAX EXEMPTIONS
dc.subjectTAX INCENTIVES
dc.subjectTAX RATES
dc.subjectTRANSFER OF FUNDS
dc.subjectTRANSPARENCY
dc.subjectUNEMPLOYED
dc.subjectUNEMPLOYMENT
dc.subjectVICTIMS
dc.subjectVOLUNTARY PENSION
dc.subjectWAGES
dc.subjectWIDOW
dc.subjectWILL
dc.subjectWITHDRAWAL
dc.subjectWOMAN
dc.subjectYOUNG WORKERS
dc.titleReforming the Pension Reforms : The Recent Initiatives and Actions on Pensions in Argentina and Chileen
dspace.entity.typePublication
okr.crosscuttingsolutionareaJobs
okr.crosscuttingsolutionareaGender
okr.date.disclosure2014-09-03
okr.date.doiregistration2025-05-05T11:39:46.625200Z
okr.doctypePublications & Research::Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/2008/05/20170223/reforming-pension-reforms-recent-initiatives-actions-pensions-argentina-chile
okr.globalpracticeSocial Protection and Labor
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.globalpracticeTrade and Competitiveness
okr.guid413841468002420772
okr.identifier.externaldocumentum000470435_20140903123712
okr.identifier.internaldocumentum20170223
okr.identifier.report90346
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/09/03/000470435_20140903123712/Rendered/PDF/903460NWP0P1320Box0385284B00PUBLIC0.pdfen
okr.region.countryARGENTINA
okr.region.countryChile
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicPrivate Sector Development::Emerging Markets
okr.topicSocial Protections and Labor::Labor Policies
okr.topicGender::Gender and Law
okr.topicPensions and Retirement Systems
okr.unitSocial Protect & Labor - GP (GSPDR)
okr.volume1 of 1
relation.isAuthorOfPublication671b42e3-2554-5834-bd3d-b9ffab47ba0b
relation.isAuthorOfPublication.latestForDiscovery671b42e3-2554-5834-bd3d-b9ffab47ba0b
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