Privatising Old-Age Security : Latin America and Eastern Europe Compared - Katharina Mueller

Privatising Old-Age Security : Latin America and Eastern Europe Compared

By: Katharina Mueller

Hardcover | 1 January 2003

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Attempting to explore and explain the similarities and differences in pension policy both intra- and inter-regionally, this book analyses the political economy of radical pension reform in using case studies from Argentina, Bolivia, Bulgaria, Croatia, Hungary, Peru, Poland and Uruguay.
Industry Reviews
'This is a fine comparative political economy interpretation of policy reform applied to pension systems in eight bold reformer countries of Latin America and Eastern Europe. The author shows great skill and sensible caution in showing what a multi-faceted, sometimes elusive undertaking reform is, involving many different actors with often conflicting goals. Considered within the specific policy and economic contexts, the analysis shows remarkable dexterity in confronting pension system reforms in countries that have being going through important or deep systemic transformation, and that have used pension system reform also to pursue broader and deeper changes and macroeconomic stabilisation.' -- Bruno Dallago, University of Trento, Italy
'Privatising Old-Age Security is a fine example of contemporary political economy. Its theoretical perspective is equally sensitive to political and economic factors, and the cases are researched in uncommon depth. Its comparison of Eastern Europe and Latin America is unique in the literature on pension reform but obviously important. It will stand as a landmark example of sophisticated policy analysis.' -- Barry Ames, University of Pittsburgh, US
'This book follows the reform of pension systems in eight countries. All cases were slightly different but, despite substantial differences in starting points and political conditions, there was a surprisingly high degree of similarity in a common trend towards partial privatisation. The author does not discuss whether such reforms could lead to better pension systems. That issue appears to have been of little relevance to their adoption. Instead, she focuses on factors that did influence the political processes in the countries concerned. The result is an important contribution towards an understanding of policy transfer in different institutional settings. It is an excellent example of the power of the comparative approach for examining how far the World Bank and other international financial institutions can persuade governments to accept their thinking.' -- Martin Myant, University of Paisley, UK
'Katharina Mueller opens our eyes to the political and economic forces at work in the privatization of pension schemes, casting light on processes that were previously obscure.' -- Elaine Fultz, International Labour Office, Budapest, Hungary

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