CONCRETO LANZADO CON FIBRAS

AFP HORIZONTE, S.A. (1997), 4 Años del Sistema Privado de Pensiones, 1993-1997, Lima.

ARENAS DE MESA, A. AND F. BERTRANOU (1997), “Learning from Social Security Reforms: Two Different Cases, Chile and Argentina”, in World Development, Vol. 25, No. 3, pp. 329-348.

ASOCIACION DE AFP DE CHILE (1996), El Sistema Privado de Pensiones Chileno.

AYALA, U. (1996), “El nuevo sistema pensional colombiano y su proceso de implementacion”, Paper prepared for the Conferencia Internacional del Taller de Politicas Publicas de la CIEPLAN, Santiago de Chile.

AYALA, U. (1997), “Economia Politica de Una Reforma Pensional Incompleta: El Caso Colombiano”, Trabajo presentado en la conferencia sobre “Retos de las Reformas de Pensiones”, Oaxaca, Mexico, Diciembre 1.

BAILLIU, J. AND H. REISEN (1997), “Do Funded Pensions Contribute to Higher Aggregate Savings? A Cross-Country Analysis”, OECD Development Centre Technical Paper No. 130.

BANCO CENTRAL DEL URUGUAY (1997), “Memoria Trimestral del Régimen de Jubilación por Ahorro Individual Obligatorio”, various issues.

BANCO DE PREVISION SOCIAL (BPS), ILSS (1996), Plan de Implementación Ley 16.713, (Montevideo).

BANCO DE PREVISION SOCIAL (1997), Servicios et Nueva Gestión del Banco de Previsión Social, Montevideo.

BANCO DE PREVISION SOCIAL (1997), “Plan de Calidad”, Informe cuatrimestral, Mayo a Agosto (Montevideo).

BERTIN, H.D. (1997), “Tres años del régimen de capitalización individual: rentabilidad, eficiencia y solvencia de las AFJP”, SAFJP Serie Estudios Especiales, Numéro 11, Noviembre, Buenos Aires.

BERTIN, H.D. Y A.M. PERROTTO (1997), “Los nuevos regímenes de capitalización en América Latina: Argentina, Chile, Colombia, Costa Rica, México, Perú y Uruguay ”, SAFJP Serie Estudios Especiales, Numéro 9, Mayo, Buenos Aires.

BLAKE, D., W. BURROWS, AND J.M. ORSZAG (1998), “Stakeholder Annuities: Reducing the Costs of Pension Provision”, Working Paper, The Pensions Institute, London, mimeo.

BLOMMESTEIN, H.J. AND N. FUNKE (1998), Institutional Investors in the New Financial Landscape, OECD, forthcoming.

BOSWORTH, B.P., R. DORNBUSCH AND R. LABAN (eds)(1994), The Chilean Economy. Policy

BRAMER MARKOVIC, A. (1997), “Organization and management of pension schemes: optimizing services and results: Administration and financial management”, paper presented at the VIIth American Regional Conference of the ISSA, International Social Security Association, Montevideo, 6 and 7 November.

BROWNING, E. (1973), “Social Insurance and Intergenerational Transfers”, Journal of Law and

Economics, 16 (2), pp. 215-237.

BUCHANAN, J. (1968), “Social Insurance in a Growing Economy: A Proposal for Radical Reform”, National Tax Journal, 21 (4), pp. 386-395.

CAMACHO, D. (1997), “Elementos Generales del Financiamiento del Nuevo Sistema Previsional Uruguayo”, (documento presentado en la) VII Conferencia Regional Americana de la Asociación Internacional de la Seguridad Social, Montevideo, 3 al 7 de noviembre.

CHAND, S.K. AND A. JAEGER (1996), “Aging Populations and Public Pension Schemes”, Occasional Paper 147, International Monetary Fund, Washington, D.C.

CIFUENTES, R. AND S. VALDES-PRIETO (1997), “Transitions in the presence of credit constraints”, in S. VALDES-PRIETO (ed.), The Economics of Pensions. Principles, Policies, and International

Experience, Cambridge University Press.

COHEN, W. AND M. FRIEDMAN (1972), Social Security: Universal or Selective?, AEI, Washington, D.C.

COMISION NACIONAL DEL SISTEMA DE AHORRO PARA EL RETIRO (CONSAR)(1997), Boletin

Informativo SAR, No. 14, Septiembre-Octubre, Mexico.

CONFERENCIA INTERAMERICANA DE SEGURIDAD SOCIAL (1997), “Cajas Paraestatales del Uruguay. Estrategia de la inversión de sus fondos. Inversiones no tradicionales”, Montevideo, 5 de noviembre.

CORSETTI, G. AND K. SCHMIDT-HEBBEL (1997), “Pension reform and growth”, in S. VALDES- PRIETO (ed.), The Economics of Pensions. Principles, Policies, and International Experience, Cambridge University Press.

DAVIS, E.P. (1995), Pension funds, retirement-income security and capital markets. An international

perspective, Oxford University Press.

DAVIS, E.P. (1997), “Regulation of pension fund assets”, in: Blommestein, Funke, (1997). DAVRIEUX, A. (1997), “La Reforma de la Seguridad Social: El modelo uruguayo”, (documento presentado en la) VII Conferencia Regional Americana de la Asociación Internacional de la Seguridad Social, Montevideo, 3 al 7 de noviembre.

DE RYCK, K. (1997), “Asset allocation, financial market behaviour and impact of EU pension funds on European capital markets”, in: Blommestein, Funke (1997).

DIAMOND, P.A. (1996), “Proposals to Restructure Social Security”, Journal of Economic Perspectives, Vol. 10, No. 3, Summer, pp. 67-88.

DIAMOND, P. AND S. VALDES-PRIETO (1994), “Social Security Reforms”, in B.P. BOSWORTH, R. DORNBUSCH AND R. LABAN (eds), The Chilean Economy. Policy Lessons and Challenges, The Brookings Institution, Washington, D.C.

DIAZ, C.A. (1993), “Análisis crítico de las modalidades de pensión y propuesta alternativa”, Working Paper 149, Instituto de Economía, Pontificia Universidad Católica de Chile, Santiago.

DOWNS, K. (1996), “The Private Pension Fund System of Peru: Policies to Increase Enrollment and Improve Investment Returns and Diversification”, mimeo.

DURAN, V. (1996), “El Sistema Previsional Argentino. Evolución reciente y perspectivas sobre su financiamiento”, Centro Interamericano de Tributación y Administración Financiera, Buenos Aires, mimeo.

EWING, A. AND S. GOLDMARK (1994), “Privatization by Capitalization: The Case of Bolivia: A Popular Participation Recipe for Cash-Starved SOEs”, FPD Note No. 31, The World Bank, Washington, D.C.

FLORES, M. (1996), “The Impact of the Mexican Social Security Amendments on Employers”, Benefits

& Compensation International, October.

FONTAINE, J.A. (1997), “Are there (good) macroeconomic reasons for limiting external investments by pension funds? The Chilean experience”, in S. VALDES-PRIETO (ed.), The Economics of Pensions.

Principles, Policies, and International Experience, Cambridge University Press.

FRIEDMAN, M. (1972), “Second Lecture”, in: W. COHEN AND M. FRIEDMAN, Social Security: Universal or Selective?, AEI, Washington, D.C.

FRIEDMAN B.M. AND M.J. WARSHAWSKY (1990), “The Cost of Annuities: Implications for Saving Behavior and Bequests”, Quarterly Journal of Economics,.105 (1), pp. 135-154.

FUNDACION DE INVESTIGACIONES ECONOMICAS LATINOAMERICANAS (FIEL) (1995), El Sistema de Seguridad Social. Una propuesta de reforma, Consejo Empresario Argentino, Buenos Aires.

FUNDACION DE INVESTIGACIONES ECONOMICAS LATINOAMERICANAS (FIEL)(1997), “La Reforma Previsional. El Impacto Macroeconomico y la Organización del Mercado de AFJPs. Informe Ejecutivo”, Buenos Aires, noviembre.

GODOY-ARCAYA AND S. VALDES-PRIETO (1994), “Chile: A Natural Experiment in the Politics of Pensions”, paper presented in the International Conference “Pensions: Funding, Privatization and

Macroeconomic Policy”, Santiago, January 26-27.

GLAESSNER, T. and S. VALDES-PRIETO (1995), “Pension reform in small developing countries”, mimeo, World Bank, Washington, D.C.

GRANDOLINI, G. AND L. CERDA (1998), “The 1997 Mexican Pension Reform: Genesis and Design Features”, mimeo.

GRIFFIN, M. (1997), The global pension time bomb and its capital market impact, Goldman Sachs Global Research, Pension Services/Strategy New York

HOLZMANN, R. (1996), “On Economic Usefulness and Fiscal Requirements of Moving from Unfunded to Funded Pensions”, University of Saarland, Mimeo.

HOLZMANN, R. (1997), “Fiscal Alternatives of Moving from Unfunded to Funded Pensions”, OECD Development Centre Technical Paper No. 126.

HORIZONTE (1996). Tres años del sistema privado de pensiones, 1993-1996, Lima: Horizonte. IFC (1997), Emerging Stock Markets Factbook 1997. Washington, D.C.: International Finance Corporation.

INSTITUTO DE SEGUROS SOCIALES (1996), “La Seguridad Social en Colombia, La Evolución del Sistema de Pensiones”, Reunión Técnica de la Comisión Americana de Actuaria y Financiamiento, Santo Domingo, Noviembre.

KANE, C. AND R. PALACIOS (1996), “The Implicit Pension Debt”, in Finance & Development, June, pp. 36-38.

KRUEGER, I. (1997), “Supervisión y Control de la Superintendencia sobre las Administradoras de Fondos de Jubiliciones y Pensiones en la Argentina”, (documento presentado en la) Conferencia Interamericana de Seguridad Social, Montevideo, 5 de noviembre.

MACKENZIE, G.A., P. GERSON AND A.CUEVAS (1997), “Can Public Pension Reform Increase Saving?”, Finance & Development, December.

MCGREEVEY, W. (1998), “Social Security in Latin America. A Decade of Progress in Reform”, IIASA (Laxenburg, Austria), mimeo.

MESA-LAGO, C. (1978), Social Security in Latin America: Pressure Groups, Stratification and Inequality, Pittsburgh.

MESA-LAGO, C. (1989), Ascent to Bankruptcy: Financing social security in Latin America, Pittsburgh. MESA-LAGO, C. (1996), “Pension system reforms in Latin America: the position of the international organizations”, United Nations Economic Commission for Latin America and the Caribbean, CEPAL

Review, 60, pp. 73-98, April.

MESA-LAGO, C. (1997), “Social Welfare Reform in the Context of Economic-Political Liberalization: Latin American Cases”, World Development, Vol. 25, No. 4, pp. 497-517.

MINISTRY OF CAPITALIZATION (1997), Capitalization: the Bolivian model of social and economic

MITCHELL, O.S. (1996), “Administrative Costs in Public and Private Retirement Systems”, PRC WP 96-4, Presented at the NBER Conference on Social Security Privatization, August, Pension Research Council of The Wharton School of the University of Pennsylvania.

MITCHELL, O.S. (1996), “Social Security Reform in Uruguay: An Economic Assessment”, PRC WP 96- 20, The Wharton School of the University of Pennsylvania.

OECD (1992), Private pensions and public policy, OECD Social Policy Studies No. 9, Paris OROZCO, W. (1997), “Inversiones de los Fondos de Pensiones”, (documento presentado en la) Conferencia Interamericana de Seguridad Social, Montevideo, 5 de noviembre.

PALACIOS, R.J. (1995), “Averting the Old Age Crisis: Technical Annex”, The World Bank. PINERA, J. (1991), El cascabel al gato: la batalla por la reforma previsional, Santiago.

PRIMAMERICA CONSULTORES (1997), “Statistical Report on Private Pension Systems in Latin America”, Report No. 4, December, Santiago, Chile.

QUEISSER, M. (1993), “Vom Umlage- zum Kapitaldeckungsverfahren: die chilenische Rentenreform als Modell für Entwicklungsländer?”, IFO Forschungsberichte der Abteilung Entwicklungsländer Nr. 79, Weltforum Verlag, München.

QUEISSER, M. (1995), “Chile and Beyond: The Second-Generation Pension Reforms in Latin America”,

International Review for Social Security, Vol. 48, 3-4.

QUEISSER, M. (1997), “Pension Reform and Private Pension funds in Peru and Colombia”, Policy Research Working Paper 1853, World Bank, Washington, D.C., November.

QUEISSER, M. (1998), “Regulation and supervision of pension funds: principles and practice”,

International Social Security Review, 51 (2), pp. 39-55.

QUEISSER, M., O. LARRANAGA AND M. PANADEIROS (1993), “Adjustment and Social Development in Latin America during the 1980s. Education, Health Care and Social Security”, IFO- Studien zur Entwicklungsforschung Nr. 25, Weltforum Verlag, München.

QUEISSER, M. AND D. VITTAS (1997), “The Swiss pension system”, mimeo, Financial Sector Development Department, World Bank, Washington, D.C.

RADAELLI, G. AND R. SHEA (1996), “Public Pension Systems: The Challenge Ahead”, Lehman Brothers, Structural Series (No. 1), New York?

RAMIREZ TOMIC, M. (1997), “Efecto Manada en la Administración de los Fondos de Pensiones Chilenos: Relevancia de la Regulación Vigente”, Seminario de Título Microeconomía, Santiago, mimeo. REISEN, H. (1997), “Liberalising foreign investments by pension funds: positive and normative aspects”, OECD Development Centre, Technical Papers No.120.

REISEN, H. AND J. WILLIAMSON (1997), “Pension funds, capital controls, and macroeconomic stability”, in S. VALDES-PRIETO (ed.), The Economics of Pensions. Principles, Policies, and

International Experience, Cambridge University Press.

ROFMAN, R. (1995), “Effects of Social Security on Lifetime Income Distribution in Argentina”, The World Bank, Washington, D.C., mimeo.

ROFMAN, R (1996), “Evolución, componentes y efectos de las comisiones del Régimen de Capitalización”, SAFJP Serie Estudios Especiales, Año 1, Numéro 2, Marzo.

ROFMAN, R. (1997a), “La aplicación de reducciones en las contribuciones previsionales como política de empleo: Una evaluación inicial”, documento presentado en el Quinto Congreso Tributario, Mar del Plata, 25 al 28 de junio.

ROFMAN, R. (1997b), “Los Esquemas de Recaudación y Acreditación de Aportes en los Sistemas de Pensiones de Capitalización Individual”, Documento preparado para el seminario “Nueve Retos de las Reformas de Pensiones”, Oaxaca, Mexico, 1 y 2 de Diciembre.

ROFMAN, R., G. STIRPARO Y P. LATTES (1997), “Proyecciones del Sistema Integrado de Jubiliaciones y Pensiones 1995-2050”, SAFJP Serie Estudios Especiales, Numéro 12, Diciembre. ROSEVEARE, D, W. LEIBFRITZ, D. FORE AND E. WURZEL (1996), “Ageing Populations, Pension Systems and Government Budgets: Simulations for 20 OECD Countries ”, Economics Department

Working Papers N° 168, OECD, Paris.

RUGGERO VILLENA, M. (1993), Escoja Usted, Lima.

SALES-SARRAPY, C., F. SOLIS-SOBERON AND A. VILLAGOMEZ-AMEZCUA (1996), “Pension System Reform: The Mexican Case”, paper prepared for the NBER Project on Social Security Conference, Cambridge, MA.

SALOMON BROTHERS (1996), Private Pension Funds in Latin America, New York: Salomon Brothers. SCHMIDT-HEBBEL, K. (1995), “Colombia’s Pension Reform. Fiscal and Macroeconomic Effects”, World Bank Discussion Papers No. 314. Washington, D.C.: World Bank.

SCHMIDT-HEBBEL, K. (1997), “Does Pension Reform Really Spur Saving and Growth?”, prepared for the Conference organized by the Secretaria de Hacienda y Crédito Público, Government of Mexico, Oaxaca, Dec. 1-2.

SCHULTHESS, W.E. (1997), “Organization and management of pension schemes: optimizing services and results: Regulation, monitoring and control”, paper presented at the VIIth American Regional Conference of the ISSA, International Social Security Association, Montevideo, 6 and 7 November. SCHULTHESS, W. AND G. DEMARCO (1996), “El Financiamiento del Régimen Previsional Público en Argentina después de la Reforma”, Documento presentado en el VIII. Seminario Regional de Política Fiscal, CEPAL/PNUD, Santiago, mimeo.

SHAH, H. (1997), “Towards better regulation of private pension funds”, Policy Research Working Paper, 1791, World Bank, Washington, D.C.

SUPERINTENDENCIA BANCARIA (1997), Informe de Coyuntura, Primer Trimestre, (Bogota).

SUPERINTENDENCIA DE ADMINISTRADORAS DE FONDOS DE JUBILACIONES Y PENSIONES (SAFJP)(1997a), El Régimen de Capitalización a tres años de la Reforma Previsional , Buenos Aires. SUPERINTENDENCIA DE ADMINISTRADORAS DE FONDOS DE JUBILACIONES Y PENSIONES (SAFJP)(1997b), El Costo de las AFJP, Buenos Aires.

SUPERINTENDENCIA DE ADMINISTRADORAS PRIVADAS DE FONDOS DE PENSIONES (SPP)(1996), Aporte, Revista de la SPP, 7, Lima.

UTHOFF, A. (1995), “Pension System Reform in Latin America”, CEPAL Review, 56, August.

VALDES-PRIETO, S. (1994), “Administrative Charges in Pensions in Chile, Malaysia, Zambia, and the United States”, World Bank Policy Research Working Paper 1372.

VALDES-PRIETO, S. (1996), “Pension Reform: The Latin American Implementation Experience”, World Bank, mimeo.

VALDES-PRIETO, S. (1997a), “Libertad de Precios para las AFP: Aún Insuficiente”, Separata, N° 68, Primavera, Centro de Estudios Públicos, Santiago.

VALDES-PRIETO, S. (1997b), “Financing a pension reform toward private funded pensions”, in S. VALDES-PRIETO (ed.), The Economics of Pensions. Principles, Policies, and International Experience, Cambridge University Press.

VALDES-PRIETO, S. (ed.)(1997), The Economics of Pensions. Principles, Policies, and International

Experience, Cambridge University Press.

VALDES-PRIETO, S. (1998), “The private sector in social security: Latin American lessons for APEC, Paper presented at the APEC Regional Forum on Pension Fund Reforms.

VALDES-PRIETO, S. Y G. EDWARDS (1997), “Alternativas para el Otorgamiento de Beneficios”, mimeo.

VAN DEN NOORD, P. AND R. HERD (1993), “Pension Liabililities in the Seven Major Economies”,

Economics Department Working Papers No. 142, OECD, Paris.

VAUGHAN, E. AND T.VAUGHAN (1996), Fundamentals of Risk and Insurance, New York. VITTAS, D. (1995), “Policies to Promote Saving for Retirement: Tax Incentives or Compulsory Provision?”, World Bank, Washington, D.C., mimeo.

VITTAS, D. (1996), “Private pension funds in Hungary. Early performance and regulatory issues”, Policy Reserach Working Paper 1638, World Bank, Washington, D.C.

VITTAS, D. (1997a), “Private Pension Funds in Argentina’s New Integrated Pension System”, Policy

VITTAS, D. (1997b), “The Argentine Pension Reform and Its Relevance for Eastern Europe”, Policy

Research Working Paper, 1819, The World Bank, Washington, D.C.

VITTAS, D. (1997c), “Strengths and Weaknesses of the Chilean Pension Reform”, World Bank, Financial Sector Development Department, World Bank, mimeo.

VITTAS, D. (1997d), “Regulatory controversies of private pension funds”, mimeo, World Bank, Washington, D.C.

VITTAS, D. AND A. IGLESIAS (1992), “The Rationale and Performance of Personal Pension Plans in Chile”, Policy Research Working Papers, WPS 867, The World Bank.

VON GERSDORFF, H. (1997), “Pension Reform in Bolivia. Innovative Solutions to Common Problems”, Policy Research Working Paper, 1832, The World Bank, Washington, D.C.

WORLD BANK (1994), Averting the Old Age Crisis. Policies to Protect the Old and Promote Growth, a World Bank policy research report, Oxford University Press, New York.

WORLD BANK (1996), “Bolivia – Poverty, equity and income: selected policies for expanding earning opportunities for the poor”, Economic Report No. 15272.