The Rise and Fall of the Privatized Pension System in Chile

The Rise and Fall of the Privatized Pension System in Chile

An International Perspective

By Andrés Solimano

‘The Rise and Fall of the Privatized Pension System in Chile’ analyses the Chilean experience with a privatised pension system and examines its impact on pension levels for the ageing population, differences in benefits across different groups, impact on local capital markets, savings redistribution to big corporations and foreign countries, and high profit rates for pension fund managing companies.

Hardback, 122 Pages

ISBN:9781785273568

February 2021

£80.00, $125.00

  • About This Book
  • Reviews
  • Author Information
  • Series
  • Table of Contents
  • Links
  • Podcasts

About This Book

‘The Rise and Fall of the Privatized Pension System in Chile’ presents the rationale for the existence of social security systems and provides a historical discussion of its origins and evolution before turning to the four-decade-old Chilean experience with a privatised pension system. This experience is examined in historical and comparative perspective from the twentieth century up to the present.

The book presents various hypotheses on the resilience of the privatised system in spite of the low level of pensions delivered to the population at large, underscoring the ability of the powerful fund managing companies lobby to veto reform proposals geared towards a return to a public-private system. The book also underscores the fiscal costs of the system, the high earnings of private pension managing companies and the macroeconomic role of the system in providing financial resources for investment and growth in a pattern driven by the large corporate sector.

The book discusses the experience of Chile as a counter-current to the reversal of pension privatisation in Latin America and Central-Eastern Europe as also the scope for de-privatisation of social security in the country.

Reviews

“Using his deep knowledge of Chile and of economics, Andres Solimano has provided a careful and highly informed analysis of that system and of its shortcomings, a system that became increasingly unfair with the passage of time. This is a must read for anyone interested in pension reforms.” — Vito Tanzi, Former Director of the Department of Fiscal Affairs, IMF

Author Information

Andrés Solimano holds a PhD in economics from MIT and is founder and president of the International Center for Globalisation and Development.

Series

No series for this title.

Table of Contents

Acknowledgments; 1 Introduction; 2 An Overview of Social Security: Purposes, Modalities and Historical Evolution; 3 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; 6 Synthesis and Conclusions: Reform Paralysis and the Road to De-privatization; References; Index.

Links

No Podcasts for this title.

Latest Tweets

  • 'On the Fall of the Roman Republic' by Thomas E. Strunk is almost here! This book juxtaposes the fall of the #Roman… https://t.co/fiLlRPJsFI

    - 00:36:18 on 15/01/2022
  • RT @ColetteGrace: in closing stages of production with @AnthemPress colleagues to ready the first edited volume in the Ethics of Personal D…

    - 00:36:18 on 15/01/2022
  • Coming soon! 'The Colonial and National Formations of the National College of Arts, Lahore, circa 1870s to 1960s' b… https://t.co/eNGfWdehrR

    - 00:36:18 on 14/01/2022
  • Don't miss the online launch of the Anthem title 'International LGBTQ+ Literature for Children and Young Adults' b… https://t.co/wzJbPINSMC

    - 00:36:18 on 14/01/2022
  • RT @NamrataChaturV: Prof. Luther Obrock's endorsement for our book recognizes the legacy and the living tradition of Kalidasa. #Kalidasa #P…

    - 00:36:18 on 14/01/2022
  • RT @GDP_Center: In 2012, the #BRICS made the momentous decision to establish their own financing mechanisms. Nearly 10 years on, what has b…

    - 00:36:18 on 14/01/2022
  • RT @jeremybassetti: 😷 In case you missed it, @whoknowsdave and @Gary_F_Fisher stopped by the podcast to talk about the volume they recently…

    - 00:36:18 on 13/01/2022
  • Tune-in to a podcast by @Gary_F_Fisher and David Robinson editors of the Anthem title 'Travel Writing in an Age of… https://t.co/1P8Zg8G6KI

    - 00:36:18 on 12/01/2022
  • Coming soon! 'The Gothic Literature and History of New England' by Faye Ringel surveys the origin, nature and futur… https://t.co/bxtbogcwTW

    - 00:36:18 on 11/01/2022
  • RT @EHayesdeKalaf: Delighted to see my new book 'Legal Identity, Race and Belonging in the Dominican Republic: From Citizen to Foreigner' f…

    - 00:36:18 on 09/01/2022

Comodo SSL