Pension Reform: Lessons from Latin America

• There are benefits from Latin American pension reform, but they have been overestimated. • The approaches taken in second-generation reforms and their still early results hold lessons for OECD and non-OECD countries alike. • A partial shift to funding is feasible and can be financed in different w...

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Bibliographische Detailangaben
1. Verfasser: Queisser, Monika (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Paris OECD Publishing 1999
Schriftenreihe:OECD Development Centre Policy Briefs no.15
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Zusammenfassung:• There are benefits from Latin American pension reform, but they have been overestimated. • The approaches taken in second-generation reforms and their still early results hold lessons for OECD and non-OECD countries alike. • A partial shift to funding is feasible and can be financed in different ways; partial funding of pensions can lead to greater risk diversification. • High administrative costs and uniformity of investment portfolios make the new systems inefficient; pension regulation has to be designed and implemented to lessen these negative effects.
Beschreibung:1 Online-Ressource (35 p.) 21 x 29.7cm.
DOI:10.1787/056345037755

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