From three to five: the World Bank's pension reform policy norm

2011 ◽  
pp. 48-69 ◽  
Author(s):  
Veronika Wodsak ◽  
Martin Koch
Author(s):  
Giuliano Bonoli ◽  
Toshimitsu Shinkawa
Keyword(s):  

1995 ◽  
Vol 25 (4) ◽  
pp. 697-725 ◽  
Author(s):  
Susanne S. Paul ◽  
James A. Paul

The authors describe and analyze recent reductions and reorganizations of public pension programs in Latin America, as well as trends in pensions in the global South more broadly. They consider the role of the World Bank in the current pension “reform” process and situate the Bank's policies in the context of privatization, reduction of social budgets, and other aspects of structural adjustment. Chilean pension changes are analyzed in particular, showing that even by the Bank's criteria, the reforms have not been successful. The authors then discuss pension changes in China, where the World Bank is also deeply involved. The article concludes with the consideration of a number of arguments about pensions and support mechanisms in later life—including family support and means-tested welfarism—and argues in favor of global policy approaches, such as globally funded pensions and full access by older persons to productive and remunerated labor.


2002 ◽  
Vol 12 (4) ◽  
pp. 293-306 ◽  
Author(s):  
Katharina Muller

Research on the political economy of pension reform has focused on the recent wave of pension privatizations in the post-socialist region. This paper is motivated by the need to shed more light on cases where radical reform was rejected. Pension privatization did not proceed when the World Bank and the Ministry of Finance - important advocates of radical reform - were absent from the pension reform arena and the Ministry of Social Affairs was the only relevant reform actor. Moreover, unions need not be secondary actors, but may effectively veto pension privatization. The paper highlights the importance of the specific political and economic conditions that may constrain the leeway of pension reform actors, while also discussing the global politics of attention.


2011 ◽  
Vol 14 (2) ◽  
pp. 41-60
Author(s):  
Ryszar Piasecki

Health reform in Chile attemps to improve healthcare of the citizens. The authorities of the country managed to combine both the private (ISAPRE) and public systems FONASA). The biggest success was the creation of AUGE (state subsidies for 66 diseases). The unsolved problems are as follows: long waiting lists and shortages of beds in public hospitals, shortage of medical doctors and specialists. As far as the pension reform is concerned Chile was the first state in the world which in 1981 totally privatized the public pension system. Unfortunately, the fruit of changes in Chile is less optimistic (extremely low pensions) than it was initially assumed. According to specialists the only chance for a correct work of the pension system is introduction of the system which would combine two forms, i.e. a state intergenerational agreement and capital system.


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