Annuitization is often considered a socially desirable payout mode from pension plans, because it provides a lifelong income stream and therefore ensures that retirees will not run out of money. However, annuitization is rare in most countries. This project examines workers’ choices during the...

This paper analyzes several issues related to employment, wages and unemployment during the period of economic reforms in Chile, 1974-1983. We show that the high level of unemployment observed throughout the period responded to a number of interrelated fa

This paper explores the link between trade liberalization and unemployment, focusing in what has arguably been one of the most dramatic trade liberalization episodes in modern times: the Chilean trade reform of the 1970s. In little more than three years a