Download this Paper Open PDF in Browser

Can Latin American Experience Teach us Something about Privatized Pensions with Individual Accounts?

32 Pages Posted: 26 Mar 2003  

Tapen Sinha

Instituto Tecnológico Autónomo de México (ITAM) - Division of Actuarial Science, Statistics and Mathematics; Nottingham University Business School

Abstract

Out of all the regions in the world, Latin America has accumulated the most experience with pension privatization of individual accounts (in the form of defined contribution plans). Chile and seven other countries have privatized their pension systems in different degrees (see, Tapen Sinha, Pension Reform
in Latin America and Its Lessons for International Policymakers, Kluwer Academic Publishers, 2000). A number of policymakers (especially in conservative think tanks) have hailed privatization as a big success. In a rare move, the policymakers in the U.S. and in other developed countries actually have
listened to these so-called success stories with a view toward implementing privatization in their own countries. This paper critically examines if there are lessons that could possibly learned from the collective experience in Latin America.

Suggested Citation

Sinha, Tapen, Can Latin American Experience Teach us Something about Privatized Pensions with Individual Accounts?. Available at SSRN: https://ssrn.com/abstract=390720 or http://dx.doi.org/10.2139/ssrn.390720

Tapen Sinha (Contact Author)

Instituto Tecnológico Autónomo de México (ITAM) - Division of Actuarial Science, Statistics and Mathematics ( email )

Rio Hondo #1 Col. Tizapan San Angel
C.P. 01000 Del. Alvaro Obregon
52 55 5628 4088 (Phone)
52 55 5628 4086 (Fax)

Nottingham University Business School ( email )

Jubilee Campus
Wollaton Road
Nottingham, NG8 1BB
United Kingdom

Paper statistics

Downloads
273
Rank
93,017
Abstract Views
1,889