Gender Effects of Social Security Reform in Chile
In 1981 Chile replaced a mature government-run social security system that operated on a pay-as-you-go basis with a privately managed system based on individual retirement accounts. The new system is more fiscally sustainable because pension benefits are defined by contributions. The minimum pension...
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| Veröffentlicht in: | The World Bank economic review 2002-01, Vol.16 (3), p.321-343 |
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| container_title | The World Bank economic review |
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| creator | Edwards, Alejandra Cox |
| description | In 1981 Chile replaced a mature government-run social security system that operated on a pay-as-you-go basis with a privately managed system based on individual retirement accounts. The new system is more fiscally sustainable because pension benefits are defined by contributions. The minimum pension guaranteed to beneficiaries with at least 20 years is funded from general taxes, preserving the tight matching between contributions and benefits. The new system also eliminates several cross-subsidies. Men and women with less than secondary education gain under the new system, but single women with more education lose. Comparison of the old and the new systems reveals a complex set of factors that cause gender effects given constant behavior or change behavior across genders. |
| doi_str_mv | 10.1093/wber/lhf002 |
| format | Article |
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| identifier | ISSN: 0258-6770 |
| ispartof | The World Bank economic review, 2002-01, Vol.16 (3), p.321-343 |
| issn | 0258-6770 1564-698X 1564-698X |
| language | eng |
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| source | PAIS Index; Jstor Complete Legacy; Oxford University Press Journals All Titles (1996-Current); Alma/SFX Local Collection |
| subjects | Age Annuities Behavior Beneficiaries Compound interest Defined contribution plans Economic reform Gender Gender differences Government subsidies Labor force Labor market Men Old age benefits Older people Participation Payroll taxes Pension contributions Pension funds Pension plans Retirement age Social policy Social security Standard of living Statistical analysis Tax benefits Tax rates Women Workforce |
| title | Gender Effects of Social Security Reform in Chile |
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