The Chilean Pension System

Joaquin Vial Ruiz-Tagle and Francisca Castro

OECD Journal on Budgeting, 2001, vol. 1, issue 1, 117-137

Abstract: The introduction in the early 1980s of a privately managed pension system in Chile, based on individual capital accounts, has attracted world-wide attention. This reform – as well as other market oriented structural changes – and the significant improvement in Chilean economic performance has led many observers to conclude a direct link, especially through the rise in private domestic savings generated through the new pension system.

Date: 2001
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