Pension Reform [E-Book]: Lessons from Latin America / Monika Queisser
Queisser, Monika.
Paris : OECD Publishing, 1999
35 p. ; 21 x 29.7cm.
OECD Development Centre Policy Briefs ; 15
Full Text
• There are benefits from Latin American pension reform, but they have been overestimated. • The approaches taken in second-generation reforms and their still early results hold lessons for OECD and non-OECD countries alike. • A partial shift to funding is feasible and can be financed in different ways; partial funding of pensions can lead to greater risk diversification. • High administrative costs and uniformity of investment portfolios make the new systems inefficient; pension regulation has to be designed and implemented to lessen these negative effects.