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the world's aging population. Finally, potential roles for policymakers are evaluated …
Persistent link: https://www.econbiz.de/10012832462
This paper seeks to explain the key two stylized facts of fundamental reforms to social security systems worldwide: Why have so many countries reformed when traditional systems seem, at first glance, to have a higher probability of delivering a secure retirement income? Why have these reforms...
Persistent link: https://www.econbiz.de/10013068090
. We study how retirement policy in Chile, which limits the drawdown of retirement assets but otherwise does not provide or …
Persistent link: https://www.econbiz.de/10012862834
In 1980, Chile dramatically reformed its retirement system, replacing what was an old insolvent PAYGO program with a … paper introduces a recently-developed longitudinal survey of individual respondents in Chile, the Social Protection Survey …
Persistent link: https://www.econbiz.de/10013227060
pension reforms on labor supply, individual welfare, and government budget for China’s basic old-age insurance program. We …
Persistent link: https://www.econbiz.de/10014240354
Retirement Around the World. The first phase described the retirement incentives inherent in plan provisions and documented the …
Persistent link: https://www.econbiz.de/10013130978
Projected demographic changes in industrialized and developing countries vary in extent and timing but will reduce the share of the population in working age everywhere. Conventional wisdom suggests that this will increase capital intensity with falling rates of return to capital and increasing...
Persistent link: https://www.econbiz.de/10013085913
unemployment. Results from simulation exercises suggest that in the case of Chile the reforms resulted in an increase in informal … the reduction of Chile's aggregate of unemployment …
Persistent link: https://www.econbiz.de/10013227027
In the mid-1970s Chile initiated a deep market-oriented reform program aimed at opening up the economy, privatizing … state owned enterprises and stabilizing the macroeconomy. In the 1980s Chile began to grow at increasingly rapid rates … with a privately administered defined contribution one. " This reform has been credited with helping develop Chile …
Persistent link: https://www.econbiz.de/10013227204
The apparent success of Chile's pension reform catalyzed a number of subsequent" reforms in sister Latin American …" Chilean reform, and several other Latin nations that followed in Chile's footsteps. We" emphasize how these other Latin …
Persistent link: https://www.econbiz.de/10013235282