61. Planning Pension Reform in Russia (Event Summary)
- Author:
- Mitchell Orenstein and David Woodruff
- Publication Date:
- 05-2000
- Content Type:
- Working Paper
- Institution:
- Belfer Center for Science and International Affairs, Harvard University
- Abstract:
- The "new pension orthodoxy," a new way of thinking about pension reform in Russia, according to Orenstein, is a reflection of global changes. Systems that were set up in the early 1900s are now being partially replaced by fully funded, privately managed, individual savings accounts. The policy of private accounts was first developed in Chile in the early 1970s, at first generating considerable pessimism, but in the decade that followed, inducing a number of other Latin American countries and some Western European nations to begin full or partial privatization of their pension systems.
- Topic:
- Conflict Resolution, Security, Democratization, and Energy Policy
- Political Geography:
- Russia, America, Europe, and Asia