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Pension Funds in Chile: Bringing the State Back In

Author

Listed:
  • Anna Zabkowicz

    (Jagiellonian University in Krakow, Poland)

Abstract

The privatized and capitalized old-age insurance in Chile has recently witnessed reforms under President Bachelet which extended the social safety net as well as re-introduced publicly-administered programs on behalf of retirees. The article reviews the performance of the system up to the most recent reform and presents results of pension engineering in a systematic way in attempt to estimate the scope of change. The method relies on orderly analysis which is founded on review of the literature relevant to the subject. Bringing the state back into Chile's pension system can be viewed as a plan to subsidize total retirement benefits in order to improve the distressing rates of replacement and, in such indirect way, to support the longevity of privately-managed pension funds.

Suggested Citation

  • Anna Zabkowicz, 2017. "Pension Funds in Chile: Bringing the State Back In," Working Papers 146/2017, Institute of Economic Research, revised May 2017.
    • Handle: RePEc:pes:wpaper:2017:no146
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    More about this item

    Keywords

    the political economy of pension reforms - funded pensions - solidarity benefits;

    JEL classification:

    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;

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