The Rise and Fall of the Privatized Pension System in Chile

Andrés Solimano

ISBN 10: 1785273566 / ISBN 13: 9781785273568

Editore: Anthem Press, GB, 2021

'The Rise and Fall of the Privatized Pension System in Chile' focuses on the Chilean experience with a privatised pension system since the early 1980 when launched by the Pinochet regime. It explores economic, financial and political economy dimensions of a private pension system based on individual savings capacity implemented in a highly unequal country. The book also highlights the role played by the pension system as a mechanism of savings redistribution from wage earners and the self-employed to the funding of big corporations at home and abroad, in a process intermediated by profit-making pension fund management companies. The book compares the resilience of Chile's private pension system with the reversals of the privatised pension system in recent years in countries of Latin America and Central-Eastern Europe. It outlines a program of structural pension reform towards a more progressive, public-based system. Codice articolo LU-9781785273568

Riassunto:

‘The Rise and Fall of the Privatized Pension System in Chile’ focuses on the Chilean experience with a privatised pension system since the early 1980 when launched by the Pinochet regime. It explores economic, financial and political economy dimensions of a private pension system based on individual savings capacity implemented in a highly unequal country. The book also highlights the role played by the pension system as a mechanism of savings redistribution from wage earners and the self-employed to the funding of big corporations at home and abroad, in a process intermediated by profit-making pension fund management companies. The book compares the resilience of Chile’s private pension system with the reversals of the privatised pension system in recent years in countries of Latin America and Central-Eastern Europe. It outlines a program of structural pension reform towards a more progressive, public-based system.

Informazioni sull'autore:

Andrés Solimano holds a PhD in economics from MIT and is founder and president of the International Center for Globalisation and Development.

Dati bibliografici

Titolo: The Rise and Fall of the Privatized Pension ...
Casa editrice: Anthem Press, GB
Data di pubblicazione: 2021
Legatura: Hardback
Condizione: New