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How Pension Rules Affect Work and Contribution Patterns: A Behavioral Model of the Chilean Privatized Pension System (PDF)
University of Michigan Retirement Research Center [MRRC] 
Oct. 27, 2008 Excerpt: Chile has been at the forefront of pension reform, having switched in 1980 from a pay-as-you-go system to a fully funded privatized accounts system. The Chilean system served as a model for reform in many other Latin American countries and has also been considered by U.S. policy makers as a possible prototype for social security reform. Some of the criticisms of the Chilean system are low coverage rates and contributions rates among certain segments of the population.' [Working paper 2008-193] MORE >> |
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