The Chilean Pension System

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In this Subject: Public Finance

Source: OECD Journal on Budgeting, Volume 1, Number 1, March 2001 , pp. 121-142(22)

Publisher: OECD - Organisation for Economic Co-operation and Development

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Abstract:

The introduction in the early 1980s of a privately managed pension system in Chile, based on individual capital accounts, has attracted world-wide attention. This reform - as well as other market oriented structural changes - and the significant improvement in Chilean economic performance has led many observers to conclude a direct link, especially through the rise in private domestic savings generated through the new pension system.

Document Type: Review article

Publication date: 2001-03-01