Over the last decade Latin American countries have served as the world's laboratory for pension systems based upon individual retirement savings accounts. In the 1990s several countries in the region followed Chile's lead in setting up individual accounts, and since that time countries...

The process of structural reform in Latin America has thus far been uneven, and various economic crises have raised doubts about reforms’ effectiveness and have caused public support for further reforms to wane. To promote and highlight research exploring structural reform’s impact on...

Many countries' aging populations have made pension reform an issue of crucial importance. Governments are deriving inspiration from the Americas, which have forged groundbreaking reforms in this area for decades.

Latin America led the world in introducing individual retirement accounts intended to complement or replace defined benefit state-sponsored, pay-as-you-go systems. After Chile implemented the first system in 1981, a number of other Latin American countries incorporated privately managed...

Individual pension savings accounts in Latin America promised to improve compliance and raise benefits in a cost-effective manner, while at the same time raising savings rates, which would in turn promote economic growth. A review of the evolution of pension reform in Latin America shows results...