Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/78098
Authors: 
Eisen, Roland
Year of Publication: 
2000
Series/Report no.: 
CFS Working Paper 2000/13
Abstract: 
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.
Subjects: 
Privatization
Social Security reform
Chile
JEL: 
H55
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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