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The Reformed Pension Systems in Latin America
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Carlos Vidal-Melia,
Jose E. Devesa-Carpio,
The World Bank,
5/1/2002
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The transformation of the public pension system in Chile, which has served as a model for later reforms carried out in other Latin American countries, has attracted the attention of many researchers. The aim of this paper is to make a (provisional) technical assessment of the functioning of these systems. The operating structure is described and the main characteristics are analyzed. Main indicators are discussed including rates of return, level of pensions provided, actual coverage, administration costs, size and
composition of fund portfolios, level of implicit pension debt, transition costs, and the problems arising due to the existence of alternative methods of pensions provision.
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Link to Paper (PDF)
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Pages: 64
Price: Free
Ordering Information:
The World Bank
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