Retiring the State

Raul L. Madrid

ISBN 10: 0804747067 / ISBN 13: 9780804747066

Published by Stanford University Press, US, 2003

About this Item

In the 1990s, numerous Latin American nations privatized their public pension systems. These reforms dramatically transformed the way these countries provide retirement income, and they provoked widespread protests from workers and pensioners alike. Retiring the State represents the first book-length study of the origins of this surprising trend. Drawing on original field research, including interviews with key policymakers, Madrid argues that the recent reforms were driven not by social policy, but by macroeconomic concerns. Countries facing growing financial pressures chose to privatize their pension systems largely to boost their domestic savings rates and reduce public pension spending in the long run. The author explores his arguments through detailed case studies of pension reform in Argentina, Brazil, and Mexico, a survey of social security privatization efforts in East Europe and Latin America as a whole, and a quantitative analysis of pension privatization worldwide.

Seller Inventory # LU-9780804747066

Bibliographic Details

• Title: Retiring the State
• Publisher: Stanford University Press, US
• Publication Date: 2003
• Language: English
• ISBN 10: 0804747067
• ISBN 13: 9780804747066
• Binding: Hardback
• Condition: New
• Weight: 576 grams

About this title

Synopsis

In the 1990s, numerous Latin American nations privatized their public pension systems. These reforms dramatically transformed the way these countries provide retirement income, and they provoked widespread protests from workers and pensioners alike. Retiring the State represents the first book-length study of the origins of this surprising trend.

Drawing on original field research, including interviews with key policymakers, Madrid argues that the recent reforms were driven not by social policy, but by macroeconomic concerns. Countries facing growing financial pressures chose to privatize their pension systems largely to boost their domestic savings rates and reduce public pension spending in the long run. The author explores his arguments through detailed case studies of pension reform in Argentina, Brazil, and Mexico, a survey of social security privatization efforts in East Europe and Latin America as a whole, and a quantitative analysis of pension privatization worldwide.

About the Author

Raśl L. Madrid is Assistant Professor of Government at the University of Texas, Austin.