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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...
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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 …
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