Cerda, Luis; Grandolini; Grandolini, Gloria - Economics Research, World Bank Group - 1998
. Also, reform took place after the inflationary 1980s and the recent financial crisis, which eroded the real value of old … income security and protection against old-age poverty, in a manner compatible with goals of savings and economic growth. It … sector, the continued role of the housing-fund component, and the moral hazard implications of the lifetime-switch option …