The Chilean Pension Reform Turns 25: Lessons from the Social Protection Survey

Loading...
Thumbnail Image
Penn collection
Wharton Pension Research Council Working Papers
Degree type
Discipline
Subject
Economics
Funder
Grant number
License
Copyright date
Distributor
Author
Arenas de Mesa, Alberto
Bravo, David
Contributor
Abstract

In 1980, Chile dramatically reformed its retirement system, replacing what was an old insolvent PAYGO program with a new structure that relies heavily on funded defined contribution individual accounts. In addition, eligibility and benefit requirements were standardized, and a safety net for old-age poverty was strengthened. Twenty-five years after this reform, the Chilean model is being re-assessed, in terms of coverage, contribution, investment, and retirement benefit outcomes. This paper introduces a recently-developed longitudinal survey of individual respondents in Chile, the Social Protection Survey (or Encuesta de PrevisiĆ³n Social, EPS), and illustrates some uses of this survey for microeconomic analysis of key aspects of the Chilean system.

Advisor
Date Range for Data Collection (Start Date)
Date Range for Data Collection (End Date)
Digital Object Identifier
Series name and number
Publication date
2006-07-01
Volume number
Issue number
Publisher
Publisher DOI
Journal Issue
Comments
The published version of this Working Paper may be found in the 2008 publication: Lessons from Pension Reform in the Americas (http://pensionresearchcouncil.wharton.upenn.edu/publications/books/lessons-from-pension-reform-in-the-americas/)
Recommended citation
Collection