Pension funds in Chile : bringing the state back in

Bibliographic description

punktacja MNiSW [2019]: 40

title:	Pension funds in Chile : bringing the state back in
author:	Ząbkowicz Anna
journal title:	Ekonomia i Prawo
volume:	18
issue:	1
date of publication :	2019
pages:	97-110
ISSN:	1898-2255
eISSN:	2392-1625
DOI:	10.12775/EiP.2019.008
URL:	http://apcz.umk.pl/czasopisma/index.php/EiP/article/view/EiP.2019.008/17138
date accessed:	2019-04-02
language:	English
journal language:	English
abstract in English:	Motivation: 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. Aim: The article reviews the performance of the system up to the most recent reform in aim to understand economic and political reasons for bringing the state back in, and presents results of pension engineering in a systematic way in attempt to estimate the scope of change. Results: 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.
keywords in English:	political economy of pension reforms, solidarity benefits, funded pensions
number of pulisher's sheets:	0,8
affiliation:	Wydział Zarządzania i Komunikacji Społecznej : Instytut Ekonomii, Finansów i Zarządzania
type:	journal article
subtype:	academic paper