Understanding Domestic Savings in Chile

Rodrigo Cerda, Rodrigo Fuentes, Gonzalo García Trujillo and José Llodrá ()

No 7254, IDB Publications (Working Papers) from Inter-American Development Bank

Abstract: This paper constructs time series data on savings per type of agent for Chile during the period 1960-2012. It is found that the economy's average savings rate increased by 11 percentage points in the period 1985-2012 compared to 1960- 1984, with particularly pronounced growth in corporate savings. The evidence suggests that this increase was driven largely by the following measures: i) pension reform that introduced mandatory savings and private sector management, ii) banking reform, iii) tax reform, iv) capital markets reform and v) privatizations.

Keywords: Reform; Incentives; Chile; Savings (search for similar items in EconPapers)
JEL-codes: E21 N16 (search for similar items in EconPapers)
Date: 2015-10
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:idb:brikps:7254

DOI: 10.18235/0000200

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