Add to ORKGSubstituting a fully-funded system for a pay-as-you-go regime provides potential efficiency gains in factor markets, can contribute to higher saving, and hence could raise growth. But pension reformers face significant uncertainty about the size and timing of these benefits. This paper sheds light on this issue in two directions. First it reviews recent world-wide empirical and simulations evidence on pension systems and reforms to infer about likely factor-market benefits and potential saving effects of pension reform and their quantitative implications for growth. Then new evidence is provided for Chile, the country with the oldest and most radical pension reform to date. The results suggest that Chile’s pension reform has improved labor-...
Postponing retirement will become increasingly important as a means to increase labor force, its out...
The 1981 reform of the Chilean pension system was revolutionary at its time. It was the first instan...
In 1981 Chile was the fi rst country in the world to privitise its pension system moving from a pay-...
The Chilean pension reform of 1981, in which Chile moved from an unfunded to a funded scheme, is con...
Chile pioneered a structural reform in Latin America that privatized its public pension system and i...
At age 18, Chile’s pension revolution – exported throughout Latin America and beyond – is entering a...
Chile became in 1981 the first country to opt for a pension program based on privately-managed indiv...
The paper describes Chile’s pension reform of 1980, which replaced the existing pay-as-you-go public...
In 1981 Chile was the first country in the world to privitise its pension system moving from a pay-a...
One of the major economic reforms in the Chilean economy was the 1981 pension reform. In that year, ...
Recent theoretical and empirical research has argued that incentives stemming from social security s...
Chile's 1981 reform revolutionized pension design and created a system that was lauded and emulated ...
• There are benefits from Latin American pension reform, but they have been overestimated. • The app...
Whether pension reforms lead to an improvement in macroeconomic performance is a controversial quest...
In this paper we analyze the short and medium term fiscal costs stemming from structural pension ref...
Postponing retirement will become increasingly important as a means to increase labor force, its out...
The 1981 reform of the Chilean pension system was revolutionary at its time. It was the first instan...
In 1981 Chile was the fi rst country in the world to privitise its pension system moving from a pay-...
The Chilean pension reform of 1981, in which Chile moved from an unfunded to a funded scheme, is con...
Chile pioneered a structural reform in Latin America that privatized its public pension system and i...
At age 18, Chile’s pension revolution – exported throughout Latin America and beyond – is entering a...
Chile became in 1981 the first country to opt for a pension program based on privately-managed indiv...
The paper describes Chile’s pension reform of 1980, which replaced the existing pay-as-you-go public...
In 1981 Chile was the first country in the world to privitise its pension system moving from a pay-a...
One of the major economic reforms in the Chilean economy was the 1981 pension reform. In that year, ...
Recent theoretical and empirical research has argued that incentives stemming from social security s...
Chile's 1981 reform revolutionized pension design and created a system that was lauded and emulated ...
• There are benefits from Latin American pension reform, but they have been overestimated. • The app...
Whether pension reforms lead to an improvement in macroeconomic performance is a controversial quest...
In this paper we analyze the short and medium term fiscal costs stemming from structural pension ref...
Postponing retirement will become increasingly important as a means to increase labor force, its out...
The 1981 reform of the Chilean pension system was revolutionary at its time. It was the first instan...
In 1981 Chile was the fi rst country in the world to privitise its pension system moving from a pay-...