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A Quarter Century of Pension Reform in Latin America and the Caribbean: Lessons Learned and Next Steps

By Carolin Crabbe (12/05, En, Es) See also Infrastructure and Financial Markets

ISBN: 1-59782-020-2 409 pp. 2005 English $24.99 To buy the book IDB Bookstore 1300 New York Ave. NW Washington, D.C. 20577 Tel.: (202) 623-1753 Fax: (202) 623-1709 Email: idb-books@iadb.org http://www.iadb.org/pub

The social security equation is worsening around the world with the aged population growing faster than the labor force. In the last two decades of the twentieth century, the Latin American and the Caribbean region was faced with what seemed insurmountable difficulties in this regards. Social security expenses had grown with inflation and upward adjustment of wages, and revenues had lagged with unemployment, a drop in real wages and widespread tax evasion. Within this framework, several countries in the region undertook a profound overhaul of their social security systems, replacing them fully or partially with a privately managed and invested system. These far-reaching reforms have changed the way social security is viewed and, as a consequence, policymakers around the world are looking at the experience of the region. A Quarter provides an analysis of these reforms, what worked well, what did not, what are the lessons learned and what are the next steps.

For additional information, please contact us at sds/ifm@iadb.org

Infrastructure and Financial Markets Division
Private Enterprise and Financial Markets Subdepartment
Sustainable Development Department
Inter-American Development Bank

Last updated: 01/03/06

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