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/informal sector choice and saving decisions under the rules of Chile's canonical privatized pension system. The parameters governing …. Our policy experiments show that Chile could achieve a reduction of 23% of minimum pension costs, while guaranteeing the …
Persistent link: https://www.econbiz.de/10010359417
/informal sector choice and saving decisions under the rules of Chile's canonical privatized pension system. The parameters governing …. Our policy experiments show that Chile could achieve a reduction of 23% of minimum pension costs, while guaranteeing the …
Persistent link: https://www.econbiz.de/10013052709
/informal sector choice and saving decisions under the rules of Chile's canonical privatized pension system. The parameters governing …. Our policy experiments show that Chile could achieve a reduction of 23% of minimum pension costs, while guarantying the …
Persistent link: https://www.econbiz.de/10013053694
In this paper, I estimate the effect of future pension benefits on pre-retirement labor supply for a representative sample of Chilean workers. Using non-linear patterns in pension benefit formulas and a reform that changed non-contributory pensions, I estimate the effect of pension accrual and...
Persistent link: https://www.econbiz.de/10012907608
Chile initiated in 1981 a privately managed, individual-account pension system that inspired similar reforms in many … Chile reformed the Pension System, widening the welfare tier and improving the contributory tier through a means …
Persistent link: https://www.econbiz.de/10012916833
Chile in 2008, using a difference in difference matching estimation. The main results found that the treated group shows a …
Persistent link: https://www.econbiz.de/10009766126
In a defined contribution pension system, one of the main risks faced by members refers to the investment of funds. In this context, we discuss which is the most suitable risk measurement for the affiliates to the pension system. Different life-cycle investment strategies are evaluated under...
Persistent link: https://www.econbiz.de/10013050037
This paper describes the recent reforms of pension policies adopted by Argentina and Chile. The structural reforms in … different. In Chile, a long and participatory process resulted in a large reform that focuses on impacts on the medium term …
Persistent link: https://www.econbiz.de/10013111810
Chile’s pension system came under close scrutiny in recent years. This paper takes stock of the adequacy of the system … and highlights its challenges. Chile’s defined contribution system was quite influential when introduced, and was taken as …
Persistent link: https://www.econbiz.de/10013305547
There is a need in pension systems to significantly improve the level and stability of pension payments as pensioners age. Solutions to address increased longevity and longevity risk should be not limited to increasing the take-up rate of annuities – explicit guarantees are costly in a...
Persistent link: https://www.econbiz.de/10013295487