“…Chile's pioneering example in pension reform had a major demonstration effect throughout Latin America, and many countries adopted similar reforms during the 1990s, including Argentina, Bolivia, Colombia, Costa Rica, El Salvador, Mexico, Peru, and Uruguay (Queisser 1998;de Ferranti, Leipziger, and Srinivas 2002;Gill, Packard, and Yermo 2005). Many transition economies, including Hungary, Kazakhstan, Lithuania, Poland, and Slovakia, also adopted Chilean-style pension reforms (Rutkowski 1998(Rutkowski , 2002.…”