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Assessing Chile's Pension System : Challenges and Reform Options

Evans, Christopher; Pienknagura, Samuel - 2022

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

The effect of the Covid pension withdrawals and the Universal Guaranteed Pension on the income of the future retirees and its fiscal costs

Madeira, Carlos - In: Latin American journal of central banking : LAJCB 5 (2024) 3, pp. 1-13

Chile implemented large pension withdrawals during the pandemic relative to other countries. Afterwards, Chile … increased non-contributory benefits in a quasi-universal scheme. Simulating the future pensions, I show that the average loss in …

Persistent link: https://www.econbiz.de/10015078270

Assessing Chile's pension system : challenges and reform options

Evans, Christopher; Pienknagura, Samuel - 2021

Persistent link: https://www.econbiz.de/10012796753

Notional defined contribution (NDC) pension schemes and income patterns

Nisticò, Sergio; Bevilacqua, Mirko - 2013

During the 1990s, some important European countries, particularly Italy and Sweden, have radically transformed their public pension system by adopting defined-contribution rules while retaining a pay-as-you-go financial architecture. This paper inquires into the theoretical properties of these...

Persistent link: https://www.econbiz.de/10009764835

The impact of pension system reform on projected old-age income : the case of Poland

Jarocinska, Elena; Ruzik-Sierdzińska, Anna - 2016

This paper analyses the distributional effects of the Polish old-age pension reform introduced in 1999. Following a benchmark Mincer earnings equation, and using a newly developed microsimulation model we project future pension benefits for males born in years 1969–1979. We find that...

Persistent link: https://www.econbiz.de/10011540363

Pension schemes in the European Union : challenges and implications from macroeconomic and financial stability perspectives

Sánchez Serrano, Antonio; Peltonen, Tuomo - 2020

Pension schemes have a significant influence on the saving and consumption decisions of households. Similarly, contributions to pension arrangements are substantial expenditures for national governments and also for corporations, depending on the prevailing pension system. Beyond this, pension...

Persistent link: https://www.econbiz.de/10012243471

Pensions and household savings : cross-country heterogeneity in Europe

D'Addio, Anna Cristina; Roger, Muriel; Savignac, … - 2020

We address the question of whether the heterogeneity in savings is partly due to differences in pension wealth across individuals and across countries, using a European harmonised wealth survey (HFCS) combined with estimates of pension wealth (OECD). First, we find significant displacement...

Persistent link: https://www.econbiz.de/10012156487

Calculating the redistributive impact of pension systems in LAC

Altamirano, Alvaro; Oliveri, María Laura; Bosch, Mariano; … - 2023

average, LAC's pension systems are subsidized, as they provide pensions above what workers would have obtained by investing … replacement rates (pensions relative to earnings) for low-income workers. Despite this progressivity, in some countries, absolute … much more progressive, but still, because low-income workers do not qualify for minimum pensions, between 50-60% of …

Persistent link: https://www.econbiz.de/10014545279

Leaving the labor market early in Sweden : learning from international experience

Bengtsson, Mats G.; König, Stefanie; Schönbeck, Simon; … - 2022

It is a challenge for politics that an aging population leads to demands that the retirement age is increasing while not everyone is able to work to such a higher age. Sweden, like other countries, has several options for early exit from the labour market. However, the regulations have become...

Persistent link: https://www.econbiz.de/10013209886

Statistical overstatement of average wages and its impact on pensions : the case of Hungary

Obláth, Gábor; Simonovits, András - 2024

In Hungary, initial pensions are indexed to average net wages, reported by official earnings statistics (ES), which … regarding the path of net wages and implied (hypothetical) initial pensions. The main implications of this exercise are the …

Persistent link: https://www.econbiz.de/10014489393