Escriva, Jose Luis; Garcia-Herrero, Alicia; Nuno, Galo; … - BBVA Research, Grupo BBVA - 2008
This paper presents a brief history of pension reform in Chile, and the reasons behind the introduction of individual privately-managed accounts in 1981, as well as the adjustments to the system introduced in 2006-07. The main conclusions are that the system is sound, but the reinforcement of...