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Beyond the privatization and re-nationalisation of the Argentine pension system: coverage, fragmentation, and sustainability

Author

Listed:
  • Bertranou, Fabio
  • Cetrángolo, Oscar
  • Grushka, Oscar
  • Casanova, Luis

Abstract

In the last decades, the pension system in Argentina has experienced important changes that included the introduction of an individual account defined-contribution component (or individual capitalisation) in 1994 and its subsequent reversal to a defined benefit pay-as-you-go pension scheme in 2008. After the 2001 crisis, the favourable fiscal position allowed the implementation of policies that reversed the decline in pension coverage to unprecedented levels, reaching over 90% of the elderly.This article summarizes the main changes in the pension system in terms of its institutional organisation, financing and coverage, describes the current situation, and outlines the sustainability challenges that face future pension policy.

Suggested Citation

  • Bertranou, Fabio & Cetrángolo, Oscar & Grushka, Oscar & Casanova, Luis, 2012. "Beyond the privatization and re-nationalisation of the Argentine pension system: coverage, fragmentation, and sustainability," MPRA Paper 44245, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:44245
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    References listed on IDEAS

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    3. -, 2009. "La seguridad social en América Latina y el Caribe: una propuesta metodológica para su medición y aplicación a los casos de Argentina, Chile y Colombia," Documentos de Proyectos 3731, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    4. Marcelo Alós & Ignacio Apella & Carlos Grushka & Marcelo Muiños, 2008. "Participation of seniors in the Argentinian labour market: An option value model," International Social Security Review, John Wiley & Sons, vol. 61(4), pages 25-49, October.
    5. Carmelo Mesa-Lago, 2009. "Re-reform of Latin American Private Pensions Systems: Argentinian and Chilean Models and Lessons," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 34(4), pages 602-617, October.
    6. Cetrángolo, Oscar & Grushka, Carlos O., 2004. "Sistema previsional argentino: crisis, reforma y crisis de la reforma," Financiamiento para el Desarrollo 5133, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    7. Camila Arza, 2012. "Extending coverage under the Argentinian pension system: Distribution of access and prospects for universal coverage," International Social Security Review, John Wiley & Sons, vol. 65(2), pages 29-49, April.
    8. Damill, Mario. & Frenkel, Roberto. & Maurizio, Roxana., 2011. "Macroeconomic policy for full and productive employment and decent work for all an analysis of the Argentine experience," ILO Working Papers 994677873402676, International Labour Organization.
    9. Mesa-Lago, Carmelo, 2008. "Reassembling Social Security: A Survey of Pensions and Health Care Reforms in Latin America," OUP Catalogue, Oxford University Press, number 9780199233779.
    10. Fabio Bertranou & Roxana Maurizio, 2012. "Semi‐conditional cash transfers in the form of family allowances for children and adolescents in the informal economy in Argentina," International Social Security Review, John Wiley & Sons, vol. 65(1), pages 53-72, January.
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    12. Armando Barrientos, 2011. "Participation and Earnings of Older People in Argentina: Nice Work if You Can Get It?," Journal of Development Studies, Taylor & Francis Journals, vol. 47(7), pages 1061-1079.
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    Cited by:

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    More about this item

    Keywords

    pension reform; social security; elderly welfare; Argentina;
    All these keywords.

    JEL classification:

    • J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination
    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies

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