Resource title

The 2008 Chilean reform to first-pillar pensions

Resource image

image for OpenScout resource :: The 2008 Chilean reform to first-pillar pensions

Resource description

Chile approved in early 2008 the replacement of her two current non-contributory subsidies for the old poor for a unified program with a pioneering design, with phase-in ending in 2012. This paper describes the political economy of this reform and evaluates it with regards to efficiency and equity. The design is analogous to one adopted in Finland in 1957, with two differences: First, the subsidy withdrawal rate in response to the individual's contributory pension benefit is lower, about 30% rather than 50%. Second, preserving a tradition introduced in 1975, benefits are also withdrawn in response to per capita household income.

Resource author

Salvador Vald├ęs-Prieto

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/26565

Resource license

Adapt according to the presented license agreement and reference the original author.