On paradigms and myths: notes on Chilean pension funds

Manfred Nitsch () and Helmut Schwarzer ()

Brazilian Journal of Political Economy, 1998, vol. 18, issue 2, 310-320

Abstract: The paper evaluates the Chilean pension reform of the early 1980s by contrastingpreliminary results after 15 years of operation against the promises embedded inthe proposals originally made. Special attention is given to following topics: transparency,efficiency, coverage, benefits delivered, demographic issues, saving effects and the role ofthe State. The text concludes by stating that promises made have not necessarily been accomplishedand that Latin American countries should think carefully whether the switch toChilean-like fully-funded old-age pension schemes is really able to offer an encompassingsolution for the current social security problems. JEL Classification: N36; H55.

Keywords: Social security reform; economic history of Chile; Chilean model; public debt (search for similar items in EconPapers)
Date: 1998
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