Keeping the Promise of Social Security in Latin America (Latin American Development Forum) - Hardcover

Gill, Indermit S; Packard, Truman; Yermo, Juan

Hardcover

ISBN 10: 0804751811 ISBN 13: 9780804751810

Publisher: Stanford Economics and Finance, 2005

Synopsis

This book evaluates pension and social security policy reforms in twelve countries in Latin America and the Caribbean, points to successes and shortcomings, and proposes priorities and options for future reform. The authors argue that preventing poverty in old age can be achieved by relentless efforts to extend coverage to broader segments of society, and by encouraging (though not necessarily mandating) personal savings.

About this title

About the Author

Indermit Gill is the Lead Economist for Human Development in the Latin America and Caribbean region of the World Bank. Truman Packard is an economist with the Human Development Department of the Latin America and Caribbean Region of the World Bank. Juan Yermo is an economist specializing in private pensions and financial market development.

From the Back Cover

"A heavyweight analysis of the Latin American pension revolution, which raises important questions about the optimal scale of compulsory saving when redesigning pension systems."--Paul Wallace, The Economist
"Although it maintains the fundamental principles of Averting the Old Age Crisis, published by the World Bank in 1994, Keeping the Promise takes a fresh look at the outcome of structural pension reforms implemented in 12 Latin American countries during the 1990s, and proposes new, sometimes bold policies. This is an important and controversial book that must be read by experts on pensions, social security, and Latin America."--Carmelo Mesa-Lago, Distinguished Professor Emeritus of Economics and Latin American Studies, University of Pittsburgh

From the Inside Flap

Empirical analysis of two decades of pioneering pension and social security reform in Latin America and the Caribbean shows that much has been achieved, but that critical challenges remain. In tackling the unfinished agenda, a great deal can be learned from the reform experience of countries in the region. Keeping the Promise, produced by the chief economist's office in the Latin America and Caribbean Region at the World Bank, evaluates policy reforms in twelve countries, points to successes and shortcomings, and proposes priorities and options for future reform. The authors argue that poverty in old age can be prevented by relentless efforts to extend coverage to broader segments of society, and by encouraging personal savings.

Edition details

• Publisher: Stanford Economics and Finance
• Publication date: 2005
• Language: English
• ISBN 10: 0804751811
• ISBN 13: 9780804751810
• Binding: Hardcover
• Number of pages: 341