| Description |
1 online resource (vi, 114 pages) : PDF file(s) |
| Contents |
An overview of social security : purposes, modalities and historical evolution -- The rise and fall of pension privatization in Latin America and Central and Eastern Europe -- The evolution of social protection and pension systems in Chile from the 19th century until its privatization in the 1980s -- Empirical elements for evaluating the privatized Chilean pension system -- Synthesis and conclusions : reform paralysis and the road to de-privatization |
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Machine generated contents note: 1. Introduction -- 2. An Overview of Social Security: Purposes, Modalities and Historical Evolution -- 2.1. Purposes and Modalities -- 2.1.1. Pension systems as a social contract: The pay-as-you-go modality -- 2.1.2. Demographic challenges -- 2.1.3. Defined contributions and defined benefits -- 2.1.4. Wage-labor, the self-employed and social security -- 2.1.5. Volatility in financial markets -- 2.2. Historical Origins of Social Security and Pension Systems -- 2.2.1. Core Capitalist economies -- 2.2.2. Containment of social security benefits in the 1980s -- 2.2.3. Further cuts in pension benefits during the 1990s and 2000s -- 2.3. Brief Historical Background of Social Security in Latin America -- 3. The Rise and Fall of Pension Privatization in Latin America and Central and Eastern Europe -- 3.1. Introduction -- 3.2. Privatization within Worldwide Dominance of Public Pension Systems -- 3.3. The Cycle of Pension System Privatization and De-privatization -- 3.3.1. The privatization phase: Objectives, assumptions and reality) -- 3.3.2. The de-privatization phase: Reversals -- 3.4. The Pension Privatization/De-privatization Cycle in Argentina (1994 -- 2008), Hungary (1998 -- 2011) and Poland (1999 -- 2014) -- 3.4.1. The case of Argentina -- 3.4.2. The case of Hungary -- 3.4.3. The case of Poland -- 3.4.4. Lessons of comparative international experience in de-privatization -- 4. The Evolution of Social Protection and Pension Systems in Chile from the 19th Century until Its Privatization in the 1980s -- 4.1. Introduction -- 4.2. Development of Social Security and Labor Legislation from the 19th Century -- 4.2.1. The Rush of Labor Legislation in the 1920s -- 4.2.2. The Reforms of 1952 -- 53 -- 4.2.3. Reform Efforts by the Frei-Montalva and Allende Governments -- 4.3. The Pinochet Regime: From Eclectic Corporatism (Draft Pension Law of 1975) to a Privatized Pension System (DL 3,500 of 1980) -- 4.3.1. Corporatists and Neoliberals -- 4.4. The Military Entertains Doubts on the Privatization Scheme and Remain in Their Old State-Funded System -- 4.5. Concluding Remarks -- 5. Empirical Elements for Evaluating the Privatized Chilean Pension System -- 5.1. Introduction -- 5.2. Average Old Age Pensions Paid by Private and Public Contributory Pillars -- 5.3. Frequency Distribution for Old age Pensions Paid by the AFP System -- 5.4. Pension Levels for Members of the Armed Forces and National Police -- 5.5. Incidence of Public Expenditure in the Pension System -- 5.6. Effects on Savings, Inequality and Level of Pensions -- 5.7. How Pension Funds Are Invested? -- 5.8. Other Shortcomings -- 5.9. Political Economy and Forced Savings -- 6. Synthesis and Conclusions: Reform Paralysis and the Road to De-privatization -- 6.1. Introduction -- 6.2. The 2008 Reforms under Bachelet I: Creation of a Basic Pension Pillar -- 6.3. Reform Proposals under Bachelet II and Pinera II -- 6.4. De-privatizing the Chilean Pension System |
| Summary |
'The Rise and Fall of the Privatized Pension System in Chile' focuses on the Chilean experience with a privatised pension system since the early 1980 when launched by the Pinochet regime. It explores economic, financial and political economy dimensions of a private pension system based on individual savings capacity implemented in a highly unequal country. The book also highlights the role played by the pension system as a mechanism of savings redistribution from wage earners and the self-employed to the funding of big corporations at home and abroad, in a process intermediated by profit-making pension fund management companies. The book compares the resilience of Chile's private pension system with the reversals of the privatised pension system in recent years in countries of Latin America and Central-Eastern Europe. It outlines a program of structural pension reform towards a more progressive, public-based system |
| Notes |
Title from publisher's bibliographic system (viewed on 26 Mar 2021) |
| Subject |
Pensions -- Chile -- History -- 20th century
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Pensions -- Chile -- History -- 21st century
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Privatization -- Chile
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Pensions.
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Privatization.
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Chile.
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| Genre/Form |
History.
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| Form |
Electronic book
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| ISBN |
9781785273575 |
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1785273574 |
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