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Distributional Impacts of Pension Policy in Argentina
Published online by Cambridge University Press: 27 June 2006
Extract
Historically speaking, social security systems are a recent development. At the beginning of the twentieth century, there was limited state social intervention in the developed world, and even less in Latin America. A remarkable expansion of “social rights” took place in the second half of the century. By the 1970s most Latin American countries had set up at least some form of old-age protection, while others had already developed a wide welfare network. Public social expenditures grew to represent over 20 percent of the gross domestic product in a number of countries, including Argentina.
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- © 2006 The Economic History Association
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