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Czasopismo
2016 | nr 1 (ang) Old-Age Pension Systems Outside Europe | 4--8
Tytuł artykułu

Reforming Pensions in Chile

Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
This paper argues that experience in Chile demonstrates (a) problems with fully-funded defined-contribution individual accounts that were both predictable and predicted, and (b) a mostly rational evolutionary approach to addressing those problems. Section 2 briefly outlines the 1981 system and its problems. Section 3 discusses strategic reform in 2008 which addressed some of those problems. Section 4 - the main focus of the paper - discusses the unfinished business left by the 2008 reforms and sets out the main proposals of the 2015 Bravo Commission, including its 58 specific proposals, which commanded majority support from the Commissioners, and its three very different Global Proposals, about organising and financing the system, which are highly controversial. (original abstract)
Czasopismo
Rocznik
Strony
4--8
Opis fizyczny
Twórcy
  • London School of Economics, United Kingdom
  • London School of Economics, United Kingdom; Massachusetts Institute of Technology, United States of America
Bibliografia
  • Attanasio, O., Meghir, C., Mitchell, O.S. (2015), What the U.S. can learn from Chile's retirement system, Fortune, October 29, http://fortune.com/2015/10/29/u-s-learn-from-chile-retirement-system/ [access 27.02.2016].
  • Barr, N. (2001) The welfare state as piggy bank: information, risk, uncertainty, and the role of the state, Oxford University Press.
  • Barr, N., Diamond, P. (2009), Reforming pensions: Principles, analytical errors and policy directions, "International Social Security Review", Vol. 62, No. 2, 2009, pp. 5-29; also in French, German and Spanish.
  • Barr, N., Diamond, P. (2010a), Pension Reform: A Short Guide, Oxford University Press.
  • Barr, N., Diamond, P. (2010b), Pension Reform in China: Issues, Options and Recommendations, http://www.cairncrossfund.org/en-17-new Announcement -Background Papers.htm [access 27.02.2016].
  • Bielawska, K., Chłoń-Domińczak, A., Stańko, D. (2016), Retreat from mandatory pension funds in countries of the Eastern and Central Europe in result of financial and fiscal crisis: Causes, effects and recommendations for fiscal rules, Warsaw School of Economics, Warsaw.
  • Chile Presidential Advisory Commission on the Pension System (Comisión Asesora Presidencial sobre el Sistema de Pensiones) (the Bravo Commission) (2015a), Resumen Ejectivo, Santiago, Chile, http://www.comision-pensiones.cl/Documentos/GetResumen [access 27.02.2016].
  • Chile Presidential Advisory Commission on the Pension System (the Bravo Commission) (2015b), Informe Final, Santiago, Chile, http://www.comision-pensiones.cl/Documentos/GetInforme [access 27.02.2016].
  • Chile Presidential Advisory Council (the Marcel Commission) (2006), El Derecho a Una Vida Digna en la Vejez: Hacia un Contrato Social con la Previsión en Chile, Vol. 1 Diagnostico y Propuesta de Reforma; Vol. 2 Consulta Cuidadana, Santiago, Chile.
  • In English: Executive Summary, http://www.comision-pensiones.cl/Documentos/GetResumenIngles [access 27.02.2016].
  • In Polish: Reformy systemu emerytalnego: Krótki przewodnik, Polskie Towarzystwo Ekonomiczne, Rofman, R., Apella, I., Vezza, E., eds. (2015), Beyond Contributory Pensions: Fourteen Experiences with Coverage Expansion in Latin America, The World Bank, Washington DC.
  • Simonovits, A. (2011), The mandatory private pension pillar in Hungary: An obituary, "International Social Security Review", Vol. 64, No. 3, July-September, pp. 81-98.
  • Soto, M. (2007), The Chilean Pension Reform: 25 Years Later, "Pensions", No. 12, pp. 98-106. doi:10.1057/palgrave.pm.5950049.
  • World Bank (1994), Averting the old age crisis, Oxford University Press.
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
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