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date: 25 August 2019

Abstract and Keywords

This article analyses structural pension reforms in the twelve Latin American countries. The first section offers a brief description of the three different models of reforms applied in the region, as well as outlining the range of features of the specific reforms in each of the countries. The second section provides a summary of the beneficial impact of such reforms. The third section discusses the diverse levels of pension privatization in ten countries and the reasons for this divergence. The fourth section evaluates eight assumptions about the effects of structural reforms based on statistics available for ten countries, and the fifth section concludes with a review of outstanding issues and indications of further research needed.

Keywords: pension reform, privatization, Latin America, reform models, reform benefits, pension divergence

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