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On paradigms and myths: notes on Chilean pension funds

Author

Listed:
  • Manfred Nitsch

    (Professor de Economia Política da América Latina na Universidade Livre de Berlim, Berlim, Alemanha.)

  • Helmut Schwarzer

    (Doutorando em Ciências Econômicas na Universidade Livre de Berlim.)

Abstract

The paper evaluates the Chilean pension reform of the early 1980s by contrastingpreliminary results after 15 years of operation against the promises embedded inthe proposals originally made. Special attention is given to following topics: transparency,efficiency, coverage, benefits delivered, demographic issues, saving effects and the role ofthe State. The text concludes by stating that promises made have not necessarily been accomplishedand that Latin American countries should think carefully whether the switch toChilean-like fully-funded old-age pension schemes is really able to offer an encompassingsolution for the current social security problems. JEL Classification: N36; H55.

Suggested Citation

  • Manfred Nitsch & Helmut Schwarzer, 1998. "On paradigms and myths: notes on Chilean pension funds," Brazilian Journal of Political Economy, Center of Political Economy, vol. 18(2), pages 310-320, April.
    • Handle: RePEc:ekm:repojs:v:18:y:1998:i:2:id:95998
    DOI: 10.1590/0101-31571998-1256
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    JEL classification:

    • N36 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy - - - Latin America; Caribbean
    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions

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