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Part I

　1. Introduction

　transforming the welfare state

　from social protection to the market;

　2. Explaining structural pension reform

　theoretical debate and empirical evidence;

Part II

　3. Explaining the institutional transformation of social

security;

Part III

　4. Pension reform in Latin America

　overview and scope of institutional transformation;

　5. Pension reform in an open economy

　negotiating globalization's double bind;

　6. Contesting institutional change in society

　where political strategies meet institutional legacies;

　7. legislative conflict and institutional change

　building majorities behind loss-imposing reform;

Part IV

　8. Conclusions and implications

　toward a new social contract?

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　　Social security institutions have been among the most stable

post-war social programs around the world. Increasingly, however,

these institutions have undergone profound transformation from

public risk-pooling systems to individual market-based designs. Why

has this 'privatization' occurred? Why do some governments enact

more radical pension privatizations than others? This book provides

a theoretical and empirical account of when and to what degree

governments privatize national old-age pension systems.

Quantitative cross-national analysis simulates the degree of

pension privatization around the world and tests competing

hypotheses to explain reform outcomes. In addition, comparative

analysis of pension reforms in Argentina, Brazil, Mexico and

Uruguay evaluate a causal theory of institutional change. The

central argument is that pension privatization emerges from

political conflict, rather than from exogenous pressures. The

argument is developed around three dimensions: the double bind of

globalization, contingent path-dependent processes, and the

legislative politics of loss imposition.

　　? Global data simulating degrees of privatization ? Case studies

of four countries: Argentina, Brazil, Mexico and Uruguay ?

Political theory of institutional stability and change