This publication argues that the implementation of obligatory, hugely regulated, privately administered, outlined contribution pensions enables rent-seeking behaviour at the a part of the pension fund directors and undermines the retirees’ source of revenue and overall healthiness. whereas the booklet focuses totally on Chile, its research and conclusions are appropriate to numerous Latin American and jap ecu international locations the place privately administered pension structures were carried out. Chapters review the scholarly literature and empirical facts round 3 features of the pension fund undefined: constitution, pricing and function. The authors finish that nation rules has facilitated the buildup of capital within the arms of the pension fund directors. in addition they show that those platforms owe extra to the values and rules of conservative philosophy than to neoliberalism in supplying substitute options to the rent-seeking method of retirement.
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