Beyond the Privatisation and Re-Nationalisation of the Argentine Pension System: Coverage, Fragmentation, and Sustainability

46 Pages Posted: 19 Dec 2012

See all articles by Fabio Bertranou

Fabio Bertranou

International Labour Organization

Oscar Cetrángolo

University of Buenos Aires (UBA)

Carlos Grushka

University of Buenos Aires (UBA)

Luis Casanova

International Labour Organization (ILO)

Date Written: November 29, 2012

Abstract

In the last decades, the pension system in Argentina has experienced important changes that included the introduction of an individual account defined-contribution component (or individual capitalisation) in 1994 and its subsequent reversal to a defined benefit pay-as-you-go pension scheme in 2008. After the 2001 crisis, the favourable fiscal position allowed the implementation of policies that reversed the decline in pension coverage to unprecedented levels, reaching over 90% of the elderly. This article summarizes the main changes in the pension system in terms of its institutional organisation, financing and coverage, describes the current situation, and outlines the sustainability challenges that face future pension policy.

Keywords: pension reform, social security, elderly welfare, Argentina, pay-as-you-go, individual retirement accounts

JEL Classification: H55, J14, J26

Suggested Citation

Bertranou, Fabio and Cetrángolo, Oscar and Grushka, Carlos and Casanova, Luis, Beyond the Privatisation and Re-Nationalisation of the Argentine Pension System: Coverage, Fragmentation, and Sustainability (November 29, 2012). Available at SSRN: https://ssrn.com/abstract=2191202 or http://dx.doi.org/10.2139/ssrn.2191202

Fabio Bertranou (Contact Author)

International Labour Organization ( email )

Av. Cordoba 950
Piso 13
Buenos Aires, C1054AAV
Argentina
54-11-43937076 (Phone)

HOME PAGE: http://www.ilo.org

Oscar Cetrángolo

University of Buenos Aires (UBA) ( email )

Argentina

Carlos Grushka

University of Buenos Aires (UBA) ( email )

Argentina

Luis Casanova

International Labour Organization (ILO) ( email )

Route des Morillons 4
Geneva, 1211
Switzerland

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