distributional impact of the structural pension reform in Latin American
countries …, the proposed multi‐pillar system allows recovering the principle of solidarity
and saves fiscal resources.
JEL classification: H55, H63, I30, G23.
Keywords: Pension reform …. Fax: +3216326796. Telephone: +3216326654.
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1. Introduction
Following the Chilean pension reform of 1981, a number of …