IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this paper

Análisis Y Valoración De Los Sistemas De Pensiones Reformados En Latinoamérica

Listed author(s):
  • Carlos Vidal

    (Universitat de València)

  • José E. Devesa- Carpio

    (Universitat de València)

  • Mónica Martínez

    (Universidad CEU Cardenal Herrera)

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.

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:
File Function: Fisrt version / Primera version, 2000
Download Restriction: no

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

in new window

Length: 68 pages
Date of creation: Jun 2000
Publication status: Published by Ivie
Handle: RePEc:ivi:wpasec:2000-11
Contact details of provider: Postal:
C/ Guardia Civil, 22, Esc 2a, 1o, E-46020 VALENCIA

Phone: +34 96 319 00 50
Fax: +34 96 319 00 55
Web page:

More information through EDIRC

No references listed on IDEAS
You can help add them by filling out this form.

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

When requesting a correction, please mention this item's handle: RePEc:ivi:wpasec:2000-11. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Departamento de Edición)

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.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.