Arbeitspapier

(Partial) privatization social security: The Chilean model - a lesson to follow?

This paper examines thoroughly the Chilean Pension Reform, giving first an overview of the mandatory saving plan, the relevant institutions, and the rules for transition from the old to the new system. The main part of the paper contains a critical evaluation of the reform, in particular the macroeconomic performance with respect to capital formation and growth, and the effects on the savings rate as well as on the rates of return and labor market are discussed. Furthermore, the development of capital markets is reviewed. A short critique is presented with respect to intergenerational distribution and risk sharing as well as with respect to the social consequences.

Language
Englisch

Bibliographic citation
Series: CFS Working Paper ; No. 2000/13

Classification
Wirtschaft
Social Security and Public Pensions
Subject
Privatization
Social Security reform
Chile

Event
Geistige Schöpfung
(who)
Eisen, Roland
Event
Veröffentlichung
(who)
Goethe University Frankfurt, Center for Financial Studies (CFS)
(where)
Frankfurt a. M.
(when)
2000

Handle
URN
urn:nbn:de:hebis:30-9776
Last update
10.03.2025, 11:44 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Eisen, Roland
  • Goethe University Frankfurt, Center for Financial Studies (CFS)

Time of origin

  • 2000

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