Advanced Search
MyIDEAS: Login

First-Round Impacts of the 2008 Chilean Pension System Reform

Contents:

Author Info

  • Jere R. Behrman

    (University of Pennsylvania)

  • Maria Cecilia Calderon

    (Population Council)

  • Olivia S. Mitchell

    (Wharton School, University of Pennsylvania)

  • Javiera Vasquez

    (Universidad de Chile)

  • David Bravo

    (Universidad de Chile)

Abstract

Chile’s innovative privatized pension system has been lauded as possible model for Social Security system overhauls in other countries, yet it has also been critiqued for not including a strong safety net for the uncovered sector. In response, the Bachelet government in 2008 implemented reforms to rectify this shortcoming. Here we offer the first systematic effort to directly evaluate the reform’s impacts, focusing on the new Basic Solidarity Pension for poor households with at least one person age 65+. Using the Social Protection Survey, we show that targeted poor households received about 2.4 percent more household annual income, with little evidence of crowding-out of private transfers. We also suggest that recipient household welfare probably increased due to slightly higher expenditures on basic consumption including healthcare, more leisure hours, and improved self-reported health. While measured short-run effects are small, follow-ups will be essential to gauge longer-run outcomes.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.mrrc.isr.umich.edu/publications/Papers/pdf/wp245.pdf
Download Restriction: no

Bibliographic Info

Paper provided by University of Michigan, Michigan Retirement Research Center in its series Working Papers with number wp245.

as in new window
Length: 28 pages
Date of creation: Sep 2011
Date of revision:
Handle: RePEc:mrr:papers:wp245

Contact details of provider:
Postal: P.O. Box 1248, Ann Arbor, MI 48104
Phone: (734) 615-0422
Fax: (734) 647-4575
Email:
Web page: http://www.mrrc.isr.umich.edu/publications/papers/
More information through EDIRC

Related research

Keywords:

This paper has been announced in the following NEP Reports:

References

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
as in new window
  1. King , Elizabeth M. & Behrman, Jere R., 2008. "Timing and duration of exposure in evaluations of social programs," Policy Research Working Paper Series 4686, The World Bank.
  2. Barr, Nicholas & Diamond, Peter, 2008. "Reforming Pensions: Principles and Policy Choices," OUP Catalogue, Oxford University Press, number 9780195311303.
  3. Francisco Pino & Solange Berstein & Guillermo Larraín, 2006. "Chilean Pension Reform: Coverage Facts and Policy Alternatives," Journal of LACEA Economia, LACEA - LATIN AMERICAN AND CARIBBEAN ECONOMIC ASSOCIATION.
Full references (including those not matched with items on IDEAS)

Citations

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. First-Round Impacts of the 2008 Chilean Pension System Reform
    by maximorossi in NEP-LTV blog on 2012-01-06 22:28:43
  2. First-Round Impacts of the 2008 Chilean Pension System Reform
    by Maximo Rossi in Wikiprogress América Latina on 2012-01-05 21:24:00
  3. First-Round Impacts of the 2008 Chilean Pension System Reform
    by maximorossi in NEP-LTV blog on 2012-01-06 22:28:43

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:mrr:papers:wp245

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (MRRC Administrator).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.