Reforming the pension reforms: Argentina and Chile

Rofman, Rafael; Fajnzylber, Eduardo; Herrera, Germán

doi:10.18356/c3322b7d-en

Cited by 6 publications

(5 citation statements)

References 3 publications

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“…The re-reforms considered here are only those that concern the system’s “public or private” properties. In this sense, these re-reforms are different from existing definitions suggested in the most recent studies on newly implemented pension reforms, which refer to more diverse policies that modify system supervision, universal maternity vouchers, administrative costs, and so on (Calvo, Bertranou, & Bertranou, 2010; Mesa-Lago, 2009; Rofman, Fajnzylber, & Herrera, 2010). Admittedly, other types of reforms may be equally important for their impact on society.…”

Section: First-generation Reforms and Re-reformsmentioning

confidence: 91%

“…Several recent studies posit that swing-back re-reforms in Argentina sought to change the private pension system’s poor performance (Calvo et al, 2010; Mesa-Lago, 2009; Rofman et al, 2010). In general, functional factors are important when setting a reform agenda (Madrid, 2003b), but they do not explain variations in re-reform paths.…”

Section: Alternative Explanations For Latin American Re-reformsmentioning

confidence: 99%

“…Soon after taking office, Bachelet created the Advisory Council on Pension Reform to analyze the system’s evolution, examine its shortcomings, and develop a public hearings process that lasted 90 days (Mesa-Lago, 2009; Rofman et al, 2010). These measures made Chile’s policymaking process participatory and deliberative.…”

Section: Re-reform Trajectories In Latin Americamentioning

confidence: 99%

“… 4. The principal studies in comparative perspectives are Calvo, Bertranou, and Bertranou (2010), Ewig and Kay (2011), Mesa-Lago (2009), Rofman, Fajnzylber, and Herrera (2010), and Pribble (2013). For one-country studies, see Arza (2012), Busquets (2011), and Dion (2010). …”

mentioning

confidence: 99%

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Power and Institutional Change

Baba

2015

Comparative Political Studies

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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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Section: First-generation Reforms and Re-reformsmentioning

confidence: 91%

Section: Alternative Explanations For Latin American Re-reformsmentioning

confidence: 99%

Section: Re-reform Trajectories In Latin Americamentioning

confidence: 99%

mentioning

confidence: 99%

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Power and Institutional Change

Baba

2015

Comparative Political Studies

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“…17. A general description of the context in which the 2008 reform took place (in contrast to the Argentinian pension reform in the same period) can be found in Rofman, Fajnzylber, and Herrera (2010). Fajnzylber and Paraje (2013) provide the Chilean demographic context and how public policy has been modified to take into account the increased relevance of the elderly in the general social protection system, including the introduction in 2005 of the health program known as the Universal Access with Explicit Guarantees (Acceso Universal con Garantías Explícitas, AUGE).…”

Section: Notesmentioning

confidence: 99%