Publication

This paper examines the larger economic, social and political context of Latin American pension reforms and compares experiences in different countries of the region with Western European cases. The authors argue that the type of pension reform undertaken in Latin America has been an integral part of the structural adjustment programs pursued by Latin American governments, under the guidance of international financial institutions (IFI). The study further on finds that although there was a range of possible remedies to the problems of pension systems, neo-liberal reformers and the international financial institutions preferred privatization over all others.