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Lessons from Pension Reform in the Americas$
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Stephen J. Kay and Tapen Sinha

Print publication date: 2007

Print ISBN-13: 9780199226801

Published to Oxford Scholarship Online: January 2008

DOI: 10.1093/acprof:oso/9780199226801.001.0001

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Overview: Lessons from Pension Reform in the Americas *

Overview: Lessons from Pension Reform in the Americas *

(p.6) Chapter 1 Overview: Lessons from Pension Reform in the Americas*
Lessons from Pension Reform in the Americas

Stephen J. Kay

Tapen Sinha

Oxford University Press

This chapter begins with a brief discussion of the introduction of a state-sponsored pay-as-you-go (PAYGO) pension system in Germany over a century ago, and pension reform in Latin American countries. It then considers the shift in the process of pension reform in organizations such as the World Bank and the International Monetary Fund, and countries such as Chile, beginning in 2004. An overview of the succeeding chapters is presented.

Keywords:   pay-as-you-go pension system, pensions, World Bank, International Monetary Fund, Chile

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