Keeping the Promise of Old Age Income Security in Latin America

Many Latin American governments have radically restructured their old age income security systems, starting with Chile's 1981 pension reform. The reforms move national pension system from purely social to largely individual responsibility; fro...

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Main Authors: Gill, Indermit S., Packard, Truman G., Yermo, Juan, Pugatch, Todd
Format: Brief
Language:English
Published: World Bank, Washington, DC 2012
Online Access:http://documents.worldbank.org/curated/en/2004/09/5436307/keeping-promise-old-age-income-security-latin-america
http://hdl.handle.net/10986/10349
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spelling okr-10986-103492021-04-23T14:02:50Z Keeping the Promise of Old Age Income Security in Latin America Gill, Indermit S. Packard, Truman G. Yermo, Juan Pugatch, Todd Many Latin American governments have radically restructured their old age income security systems, starting with Chile's 1981 pension reform. The reforms move national pension system from purely social to largely individual responsibility; from risk pooling to individual savings accounts. They maintain reduced public risk pooling features, combined with mandatory and voluntary individual private savings to finance pensions and diversify the risks to adequate income in old age-the multi-pillar approach. 2012-08-13T11:13:54Z 2012-08-13T11:13:54Z 2004-09 http://documents.worldbank.org/curated/en/2004/09/5436307/keeping-promise-old-age-income-security-latin-america http://hdl.handle.net/10986/10349 English en breve; No. 53 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research Latin America & Caribbean
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
geographic_facet Latin America & Caribbean
relation en breve; No. 53
description Many Latin American governments have radically restructured their old age income security systems, starting with Chile's 1981 pension reform. The reforms move national pension system from purely social to largely individual responsibility; from risk pooling to individual savings accounts. They maintain reduced public risk pooling features, combined with mandatory and voluntary individual private savings to finance pensions and diversify the risks to adequate income in old age-the multi-pillar approach.
format Publications & Research :: Brief
author Gill, Indermit S.
Packard, Truman G.
Yermo, Juan
Pugatch, Todd
spellingShingle Gill, Indermit S.
Packard, Truman G.
Yermo, Juan
Pugatch, Todd
Keeping the Promise of Old Age Income Security in Latin America
author_facet Gill, Indermit S.
Packard, Truman G.
Yermo, Juan
Pugatch, Todd
author_sort Gill, Indermit S.
title Keeping the Promise of Old Age Income Security in Latin America
title_short Keeping the Promise of Old Age Income Security in Latin America
title_full Keeping the Promise of Old Age Income Security in Latin America
title_fullStr Keeping the Promise of Old Age Income Security in Latin America
title_full_unstemmed Keeping the Promise of Old Age Income Security in Latin America
title_sort keeping the promise of old age income security in latin america
publisher World Bank, Washington, DC
publishDate 2012
url http://documents.worldbank.org/curated/en/2004/09/5436307/keeping-promise-old-age-income-security-latin-america
http://hdl.handle.net/10986/10349
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