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region (Argentina, Brazil, Chile and Uruguay) that adopted different "structural" and "parametric" models of reform. I …
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In 1981 Chile began a wave of privatization and market-friendly reforms of social security systems in Latin America …; Argentina did the same in 1993. In 2008, Chile and Argentina reformed their pension systems again. Chile maintains the private … capitalization system complemented with a basic pension and solidarity payments while Argentina eliminated the capitalization pillar …
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This book takes as a starting point that welfare states in developed societies do not provide systems of social insurance against the risk of an early death. In contrast to the way in which economically developed countries provide ways of insuring citizens against other possibilities, such as...
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Poor heath, large acute and long-term care medical expenses, and spousal death are significant drivers of impoverishment among retirees. We document these facts and build a rich, overlapping generations model that reproduces them. We use the model to assess the incentive and welfare effects of...
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