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Author: Stephen J. Kay
Publisher: Oxford University Press, USA
ISBN: 0199226806
Category : Business & Economics
Languages : en
Pages : 446
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Book Description
Provides an analysis of pension reform in all the major countries in the Americas, including successes and failures.
Author: Stephen J. Kay
Publisher: Oxford University Press, USA
ISBN: 0199226806
Category : Business & Economics
Languages : en
Pages : 446
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Book Description
Provides an analysis of pension reform in all the major countries in the Americas, including successes and failures.
Author: Nicholas Barr
Publisher: Oxford University Press
ISBN: 0199885990
Category : Business & Economics
Languages : en
Pages : 785
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Book Description
Mandatory pensions are a worldwide phenomenon. However, with fixed contribution rates, monthly benefits, and retirement ages, pension systems are not consistent with three long-run trends: declining mortality, declining fertility, and earlier retirement. Many systems need reform. This book gives an extensive nontechnical explanation of the economics of pension design. The theoretical arguments have three elements: * Pension systems have multiple objectives--consumption smoothing, insurance, poverty relief, and redistribution. Good policy needs to bear them all in mind. * Good analysis should be framed in a second-best context-- simple economic models are a bad guide to policy design in a world with imperfect information and decision-making, incomplete markets and taxation. * Any choice of pension system has risk-sharing and distributional consequences, which the book recognizes explicitly. Barr and Diamond's analysis includes labor markets, capital markets, risk sharing, and gender and family, with comparison of PAYG and funded systems, recognizing that the suitable level of funding differs by country. Alongside the economic principles of good design, policy must also take account of a country's capacity to implement the system. Thus the theoretical analysis is complemented by discussion of implementation, and of experiences, both good and bad, in many countries, with particular attention to Chile and China.
Author: Tapen Sinha
Publisher: Springer Science & Business Media
ISBN: 146154503X
Category : Political Science
Languages : en
Pages : 310
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Book Description
The experience of privatization of social security has been predominantly in the Latin American region. Eight countries have undertaken either full or partial privatization of pensions: Argentina, Bolivia, Chile, Colombia, El Salvador, Mexico, Peru, and Uruguay. What did the policymakers expect? Were expectations realized? Can we learn anything from the collective experience of these countries? Can they be applied to other countries that are aspiring to privatize? How did the World Bank and other international institutions affect these policies? Pension Reform in Latin America and Its Lessons for International Policymakers analyzes in detail these important questions. The book begins with a detailed account of economic conditions in Latin America. It then discusses various models that policymakers rely on. Starting with a purely demographic model, it lays out advanced models of overlapping generations of Samuelson. The book gives extensive details of privatized pensions in each of the eight reforming countries. Two chapters are devoted to analyzing the reform in each country. Finally, detailed lessons are drawn that will help shape the debate for policymakers in other countries.
Author: Armando Barrientos
Publisher: Routledge
ISBN: 0429824548
Category : Social Science
Languages : en
Pages : 280
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Book Description
First published in 1998, this volume initially focused on Chilean pension reform, on which the author has published elsewhere, before moving onto Latin America more widely, with coverage extending from 1990 to the reform in Costa Rica and the Mexican pension reform in 1997. It emerged in the wake of reforms including in Peru (1993), Argentina and Colombia (1994) and Uruguay (1996). Particular focus is given to the new individual capitalization pension plans, along with arguments on the ignoring of pension schemes and its consequences, the connection of pension schemes to the labour market and the impact of pension schemes on the least advantaged. The Chilean model in particular has received praise from the IMF and the World Bank and these Latin American pension reforms will be of interest as a paradigm for other countries.
Author: Kirk Bowman
Publisher: University of Toronto Press
ISBN: 1442605510
Category : Political Science
Languages : en
Pages : 225
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Book Description
Since the early 1980s, Latin American countries have been innovative in a range of policy and cultural experiences, including health care, voting, pensions, and multiculturalism. And yet, their policy innovations are rarely found in textbooks. This book addresses that gap, providing a fascinating and wide-ranging exploration of both the history of "looking down" at Latin America and the political, economic, and cultural "lessons" (including successes, failures, and unintended consequences) that should inform important policy discussions around the world.
Author: Carolin A. Crabbe
Publisher: IDB
ISBN: 1597820202
Category : Social Science
Languages : en
Pages : 417
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Book Description
Author: R. Daniel Kelemen
Publisher: CQ Press
ISBN: 1483343731
Category : Political Science
Languages : en
Pages : 231
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Book Description
What can American policymakers learn from the experiences of European democracies? While we can look to our own history and to the ideas emanating from our own public sphere, by looking abroad we can also learn lessons from European policies – from both those that have proven successful and those that have failed. The contributors in this volume examine the ways our European allies have dealt with issues such as rising healthcare and pension costs, large-scale immigration, childcare and work-life balance, and climate change, and ask whether such policies might prove effective in the U.S. context. Brief and engaging, R. Daniel Kelemen’s Lessons from Europe? What Americans Can Learn from European Public Policies is an ideal supplement for comparative public policy courses and would add a provocative comparative component to U.S. public policy courses.
Author: Queisser Monika
Publisher: OECD Publishing
ISBN: 9264163611
Category :
Languages : en
Pages : 145
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Book Description
This study provides a detailed description of all second-generation pension reforms in Latin America to date, evaluates the first years of operations of the new systems and outlines the problems and challenges which the systems are still facing.
Author: Peter H. Lindert
Publisher: Cambridge University Press
ISBN: 1108808239
Category : Business & Economics
Languages : en
Pages : 437
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Book Description
How does social spending relate to economic growth and which countries have got this right and wrong? Peter Lindert examines the experience of countries across the globe to reveal what has worked, what needs changing, and who the winners and losers are under different systems. He traces the development of public education, health care, pensions, and welfare provision, and addresses key questions around intergenerational inequality and fiscal redistribution, the returns to investment in human capital, how to deal with an aging population, whether migration is a cost or a benefit, and how social spending differs in autocracies and democracies. The book shows that what we need to do above all is to invest more in the young from cradle to career, and shift the burden of paying for social insurance away from the workplace and to society as a whole.
Author: Carmelo Mesa-Lago
Publisher: Oxford University Press, USA
ISBN: 0199233772
Category : Business & Economics
Languages : en
Pages : 480
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Book Description
The reform of social security pensions and healthcare is a key issue for the modern world, and in many ways Latin America has acted as a social laboratory for the reform of these systems. This is the first book to comprehensively study these influential reforms in Latin America's pension and health care systems.
