from Latin America's Moment and Latin America Studies Program

Fixing Social Security in Latin America (Again)

January 09, 2008

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I recently published this article in the Americas Quarterly policy journal, which was republished in Business Chile.

While some in the United States still talk about the introduction of private individual accounts as the way to "save" social security, even the Chileans are rethinking their once vaunted private pension system. After nearly three decades of private pension management, the Chilean system is again poised for reform. This article looks at the dwindling support for private pension systems in Chile and other Latin American countries, the reasons behind this shift, and the potential directions for this wave of social security reform.