Pension Reform in Chile: A Difference in Difference Matching Estimation

Jenny Encina ()

Estudios de Economia, 2013, vol. 40, issue 1 Year 2013, 81-95

Abstract: The present paper estimates the effect over participation outcomes of the new reform to the pension system made in Chile in 2008, using a difference in difference matching estimation. The main results found that the treated group shows a higher withdrawal from the labor market and that they worked an average of 8 percentage points (pp) fewer months than the control group in 2009. The treated group also contributed 18 pp fewer months than the control group, and they have, on average, 6 pp more months in inactive status. Looking at the difference in per capita income, the treated group has an average of US$34 more per month than the control group in 2009.

Keywords: Pension System; retirement contributions. (search for similar items in EconPapers)
JEL-codes: C23 J18 J26 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (4)

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