The Chilean pension reform: A model to follow?

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dc.contributor.authorCerda, Rodrigo A.
dc.date.accessioned2025-01-21T01:05:06Z
dc.date.available2025-01-21T01:05:06Z
dc.date.issued2008
dc.description.abstractOne of the major economic reforms in the Chilean economy was the 1981 pension reform. In that year, Chile transformed its Pay-as-you-go social (PAYG) security system to an individual account social security system (IA). This paper discusses the impacts of the social security reform. To do so, we construct a countra-factual scenario of the Chilean economy under the PAYG system using simulations methods and we compare it with the effective data occurred under the IA system. We discuss the fiscal impacts, plus pension coverage on the elderly and the PAYG system's macroeconomics impacts by comparing them with the actual evolution of the Chilean economy under the IA system. Our simulations show significant fiscal deficits in the PAYG plus relatively lower pension coverage and modest benefits compare to the IA system. Finally, we show that the pension reform might have had significant macroeconomic impacts. (C) 2007 Society for Policy Modeling. Published by Elsevier Inc. All rights reserved.
dc.fuente.origenWOS
dc.identifier.doi10.1016/j.jpolmod.2006.12.008
dc.identifier.eissn1873-8060
dc.identifier.issn0161-8938
dc.identifier.urihttps://doi.org/10.1016/j.jpolmod.2006.12.008
dc.identifier.urihttps://repositorio.uc.cl/handle/11534/95818
dc.identifier.wosidWOS:000256630000011
dc.issue.numero3
dc.language.isoen
dc.pagina.final558
dc.pagina.inicio541
dc.revistaJournal of policy modeling
dc.rightsacceso restringido
dc.subjectsocial security reform
dc.subjectChile
dc.subject.ods03 Good Health and Well-being
dc.subject.ods10 Reduced Inequality
dc.subject.ods01 No Poverty
dc.subject.odspa03 Salud y bienestar
dc.subject.odspa10 Reducción de las desigualdades
dc.subject.odspa01 Fin de la pobreza
dc.titleThe Chilean pension reform: A model to follow?
dc.typeartículo
dc.volumen30
sipa.indexWOS
sipa.trazabilidadWOS;2025-01-12
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