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Books > Social sciences > Politics & government > Central government > Central government policies
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Retiring the State - The Politics of Pension Privatization in Latin America and Beyond (Hardcover)
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Retiring the State - The Politics of Pension Privatization in Latin America and Beyond (Hardcover)
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In the 1990s, numerous Latin American nations privatized their
public pension systems. These reforms dramatically transformed the
way these countries provide retirement income, and they provoked
widespread protests from workers and pensioners alike. Retiring the
State represents the first book-length study of the origins of this
surprising trend. Drawing on original field research, including
interviews with key policymakers, Madrid argues that the recent
reforms were driven not by social policy, but by macroeconomic
concerns. Countries facing growing financial pressures chose to
privatize their pension systems largely to boost their domestic
savings rates and reduce public pension spending in the long run.
The author explores his arguments through detailed case studies of
pension reform in Argentina, Brazil, and Mexico, a survey of social
security privatization efforts in East Europe and Latin America as
a whole, and a quantitative analysis of pension privatization
worldwide.
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