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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...
Persistent link: https://www.econbiz.de/10009767697
This paper compares the differences of individual coverage in the fully-funded social security systems of three Latin American countries. Chile, Columbia, and Mexico each have defined contributions social security systems, yet there are significant differences in system design and incentive that...
Persistent link: https://www.econbiz.de/10014193738
The partial privatization of the US Social Security system was clearly the top economic policy priority for the new … privatization of the Social Security system. The international comparisons have been quite infrequent, concentrated on few countries …
Persistent link: https://www.econbiz.de/10014058682
This study draws lessons for the debate about the proposed partial privatization of Social Security in the United … States based on evidence from the United Kingdom. The British case suggests that privatization may lead to a reduction in the … likely that Americans will easily accept the level of privatization found in Britain …
Persistent link: https://www.econbiz.de/10014141098
This article explains why partial privatization of Social Security is likely to have an adverse impact on three … specific subpopulations: women, minorities, and lower-income workers. It begins by explaining how partial privatization differs … subpopulations. It then explains how distribution of benefits to the three subpopulations would be impacted by partial privatization …
Persistent link: https://www.econbiz.de/10014134874
decades. One alternative adopted in several countries is the privatization of so-called pay-as-you-go financing systems. The … privatization of the Turkish Social Insurance Institute, SSK. Based heavily upon data provided by the International Labor … Organization, financial projections of the institution were made and extended to apply benefit-cost models of privatization …
Persistent link: https://www.econbiz.de/10011107767
Turkish social security system has been developed under various social security institutions to provide social insurance against various social risks since 1945. Although the system has just 62 years history, it is in such situation that it is just able to provide its services with income...
Persistent link: https://www.econbiz.de/10011112446
This paper analyses the effects of reducing unfunded social security in a closed economy that consists of a service sector and a commodity sector.It is shown that if old agents mainly demand labour intensive services, a modest decrease of the pay-as-you-go pension scheme still raises long-run...
Persistent link: https://www.econbiz.de/10011090643
This paper analyses the effects of reducing unfunded social security and population ageing on economic growth and welfare, both for a small open economy and for a closed economy.The economy consists of a service sector and a commodity sector.Productivity growth only occurs in the latter sector...
Persistent link: https://www.econbiz.de/10011090756
This paper explores the general equilibrium impact of social security portfolio diversification into private securities, either through the trust fund or private accounts. The analysis depends critically on heterogeneities in saving, production, assets, and taxes. Limited diversification weakly...
Persistent link: https://www.econbiz.de/10005593359