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Análisis Y Valoración De Los Sistemas De Pensiones Reformados En Latinoamérica

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Author Info

  • Carlos Vidal

    (Universitat de València)

  • José E. Devesa- Carpio

    (Universitat de València)

  • Mónica Martínez

    (Universidad CEU Cardenal Herrera)

Abstract

The transformation of the public pensions system in Chile has served as a model for later reforms carried out in other Latin American countries, and has attracted the attention of a number of researchers. The aim of this paper is to make a (provisional) technical analysis of the workings of these systems, which incorporate many elements traditionally associated with the financial sector and private insurance. The main characteristics are identified, analyzed and explored: operating structure, profitability, level of pensions provided, real cover, administrative costs, size and composition of fund portfolios, level of implicit debt, transition costs, and the problems arising due to the existence of alternative methods of pension provision. A minimum statistical base is available for most of the aspects analyzed, which enables assessments and/or comparisons to be made with the systems before they were reformed, amongst the systems after reform, and with other countries. La transformación del sistema público de pensiones en Chile ha servido de modelo para posteriores reformas llevadas a cabo en otros países latinoamericanos y ha captado la atención de numerosos investigadores. En este trabajo, con el objetivo de realizar una valoración técnica (provisional) del funcionamiento de estos sistemas, que incorporan muchos elementos tradicionalmente vinculados al sector financiero y asegurador privado, se identifican, analizan y exploran las principales características: estructura operativa, rentabilidad, cuantía de las pensiones proporcionadas, cobertura real, costes administrativos, tamaño y composición de las carteras de los fondos, cuantía de la deuda implícita, costes de transición, y la problemática derivada de la existencia de diversas alternativas disponibles para el cobro de la pensión. La mayoría de los aspectos analizados cuentan con una base estadística mínima, lo que permite facilitar la valoración y/o comparación bien sea con los sistemas antes de la reforma, entre los propios sistemas reformados o con otros países.

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File URL: http://www.ivie.es/downloads/docs/wpasec/wpasec-2000-11.pdf
File Function: Fisrt version / Primera version, 2000
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Bibliographic Info

Paper provided by Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie) in its series Working Papers. Serie EC with number 2000-11.

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Length: 68 pages
Date of creation: Jun 2000
Date of revision:
Publication status: Published by Ivie
Handle: RePEc:ivi:wpasec:2000-11

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Related research

Keywords: Jubilación; Sistema de capitalización; Sistema de reparto. Capitalization; Pay-as-you-go; Retirement.;

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Cited by:
  1. Emma Aguila & Michael D. Hurd & Susann Rohwedder, 2008. "Pension Reform in Mexico: The Evolution of Pension Fund Management Fees and their Effect on Pension Balances," Working Papers wp196, University of Michigan, Michigan Retirement Research Center.

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