Social Protection and the Market in Latin America(ISBN=97805
Social security institutions have been among the most stablepost-war social programs around the world. Increasingly, however,these institutions have undergone profound transformation frompublic risk-pooling systems to individual market-based designs. Whyhas this 'privatization' occurred? Why do some governments enactmore radical pension privatizations than others? This book providesa theoretical and empirical account of when and to what degreegovernments privatize national old-age pension systems.Quantitative cross-national analysis simulates the degree ofpension privatization around the world and tests competinghypotheses to explain reform outcomes. In addition, comparativeanalysis of pension reforms in Argentina, Brazil, Mexico andUruguay evaluate a causal theory of institutional change. Thecentral argument is that pension privatization emerges frompolitical conflict, rather than from exogenous pressures. Theargument is developed around three dimensions: the double bind ofglobalization, contingent pa
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