Author: OECD Organisation for Economic Co-operation and Development,

Source: OECD Journal on Budgeting, Volume 1, Number 1, March 2001 , pp. 107-127(21)

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

Abstract:

The Chilean pension system is often regarded as a model for the privatisation of social security (pensions) systems in OECD Member countries. This paper examines the development of the Chilean pension system, focusing especially on two scarcely discussed aspects of it. First, the Chilean government's continued fiscal guarantee of all the "privatised" pension funds. Second, the very high operating costs of the system.

Page Count: 21

Document Type: Review article

Publication date: 2001-03-01

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