Structural reform of social security pensions in Latin America: Models, characteristics, results and conclusions

The structural reform of social security pensions is the subject of international debate, and Latin America has been a pioneer of such reform. The region has gathered experience over two decades, and had an important influence on other regions. This article gathers legal and statistical data about reform in ten countries of Latin America, in order (1) to analyse the three distinct general models followed and note the characteristics of the reforms in the different countries; (2) to evaluate the performance of the reforms against nine conventional assumptions about its effects; (3) to draw useful lessons from these reforms for the region and other countries.