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Keeping the Promise of Social Security in Latin America (Paperback, New)
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Keeping the Promise of Social Security in Latin America (Paperback, New)
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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
this 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 12
countries, points to successes and shortcomings, and proposes
priorities and options for future reform. ""Keeping the Promise
provides a timely assessment of two decades of pension reform
experience-with a wealth of new data, and empirical evaluation of
reformed social security systems. Many economists and policymakers
will not be persuaded by some of the main conclusions and
recommendations-such as the supposed failure to increase coverage,
and the call for strengthening a pay-as-you-go defined-benefit
scheme for poverty prevention-but they will welcome the book's
critical appraisal. This is required reading for pension
specialists and policymakers in Latin America and beyond.""-Klaus
Schmidt-Hebbel, Chief of Economic Research, Central Bank of Chile
""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
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