Privatization

Explore the impact of pension reforms and neoliberalism on Latin America, from Chile's individual account system to its spread across the region.

Explore the pension system in Chile, a complex system with both positive and negative consequences for its citizens since the 1970s.

The Chilean Pension Reform of 1981 introduced radical changes to the country's pension system, shifting from a pay-as-you-go model to individual retirement accounts (IRAs) with far-reaching consequences.