Many Latin American governments have radically restructured their old age income security systems, starting with Chile's 1981 pension reform. The reforms move national pension system from purely social to largely individual responsibility; from risk pooling to individual savings accounts. They...

Individuals and societies can respond in a variety of ways when faced with the prospect of economic losses from shocks like natural disasters, sickness, sudden death, disability and unemployment. Social risk management is a conceptual framework encompassing three broad categories of response:...