Year: 2006
Type: report
Study design: Observational Study
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 Previsión Social, EPS), and illustrates some uses of this survey for microeconomic analysis of key aspects of the Chilean system.
DOI: 10.3386/w12401
Authors: Alberto Arenas de Mesa, David Bravo, Jere Behrman, Olivia Mitchell, Petra Todd
Institutions: University of Chile, University of Pennsylvania
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W2143262255