The old Argentinean social security system was in serious trouble before its reform. Besides the long-term problem of rising costs due to population aging, a deficit existed even in the short run owing to evasion, early retirement, and haphazardly kept records. The new system was adopted in 1993 and implemented in 1994. This chapter analyzes how women fared in this process. It shows that women have gained relative to men due to the reform. This stems mainly from the equalizing impact of the generous flat benefit and widow's flat benefit, the intrahousehold transfer from the joint annuity, and the fact that women do not have to give up their own benefit to receive the annuity. Also playing a role is the heavier weight placed on early contributions due to compound interest in the new system and the removal of advantages for men for their steeply rising wage profiles in the old system.
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