The Chilean Pension Reform Turns 25: Lessons From the Social Protection Survey

Alberto Arenas de Mesa, David Bravo, Jere Richard Behrman, Olivia Mitchell and Petra E. Todd

No 12401, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: In 1980, Chile dramatically reformed its retirement system, replacing what was an old insolvent PAYGO program with a new structure that relies heavily on funded defined contribution individual accounts. In addition, eligibility and benefit requirements were standardized, and a safety net for old-age poverty was strengthened. Twenty-five years after this reform, the Chilean model is being re-assessed, in terms of coverage, contribution, investment, and retirement benefit outcomes. This paper introduces a recently-developed longitudinal survey of individual respondents in Chile, the Social Protection Survey (or Encuesta de Previsión Social, EPS), and illustrates some uses of this survey for microeconomic analysis of key aspects of the Chilean system.

JEL-codes: G23 H55 J14 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-fin and nep-pbe
Date: 2006-08
Note: AG PE
View list of references View citations in EconPapers

Downloads: (external link)
http://www.nber.org/papers/w12401.pdf (application/pdf)
Access to the full text is generally limited to series subscribers, however if the top level domain of the client browser is in a developing country or transition economy free access is provided. More information about subscriptions and free access is available at http://www.nber.org/wwphelp.html.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:nbr:nberwo:12401

Ordering information: This working paper can be ordered from
http://www.nber.org/papers/w12401
The price is Paper copy available by mail.

Access Statistics for this paper

More papers in NBER Working Papers from National Bureau of Economic Research, Inc
Address: National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.
Contact information at EDIRC.
Series data maintained by ().