Basic Pensions in Latin America: Toward a Rights-Based Policy?

Camila Arza

Chapter Chapter 4 in Citizen’s Income and Welfare Regimes in Latin America, 2013, pp 87-112 from Palgrave Macmillan

Abstract: Abstract Social security development is not homogenous across Latin American countries. Some enacted their first pension schemes at the beginning of the twentieth century while others had to wait several decades until pension benefits were made available to a significant share of the workforce. Several countries still have very low pension coverage rates today. Despite these differences, some important pension design features are shared across countries, such as the widespread adoption of employment-related pension schemes based on the Bismarckian model. In recent decades, some of these pension schemes were transformed into privately administered systems of individual accounts.

Keywords: Minimum Wage; Pension System; Pension Scheme; Pension Benefit; LATIN AMERICA (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:etbchp:978-1-137-07754-7_5

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DOI: 10.1057/9781137077547_5

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