Journal Articles

Power and Institutional Change Re-Reforms of Latin American Pension Systems in a Comparative Perspective

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During the final decade of the 20th century, many Latin American countries enacted sweeping market-oriented pension reforms, introducing, at least partially, private pension system based on defined contributions and individual capitalization. Lately, however, many of these nations have witnessed shifts in the reformed pension schemes. Why have these “re-reforms” occurred? Why have they taken different forms in different countries? This study explores the causes of divergent policy outcomes of Latin American pension re-reforms from a comparative perspective. My theoretical framework emphasizes the following two factors: (a) the type of compromise made under the first-generation reforms and (b) the pension policymaking process. The inquiry developed in this study demonstrates the importance of a balance of power among pension stakeholders, which emerged as a legacy of long-term political processes.

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Detail Information

Series Title

Comparative Political Studies

Call Number

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Publisher

Thousand Oaks : Sage Publications., 2015

Collation

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Language

English

ISBN/ISSN

0010-4140

Classification

NONE

Content Type

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Media Type

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Carrier Type

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Edition

Volume 48, Issue 14 December 2015, P. 1847-1878

Subject(s)

Institutional change
Neoliberalism
Latin American politics
Pension reforms

Specific Detail Info

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Statement of Responsibility

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