Equity in social security reforms in Latin America. A critical assessment

Along the last quarter of the century, pension reforms which introduced
private and mandatory capitalization schemes were implemented in Latin
America. In this paper, the author states some criticisms against the theory
and the practise of the new systems. From the point of view of intergenerational equity, it is argued that the new systems not only do not solve some of the problems attributed to public systems but also introduce new distortions in the rates of return which each generation receives. From the optic of intragenerational equity, the paper justifies that reforms are susceptible to worsen the poor redistributive capacity of the present systems. Finally, the author offers several policy implications for dealing with these problems.
Journal: 
14
Authors: 
José Ignacio ANTÓN PÉREZ
Attached file: 

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