The Privatization of Social Security in Chile 1980-Present

Ryan BABER, Edward TAUFER

Abstract


The following paper is an analysis of Chile’s pension reform from 1980 to today, in 2019. In this paper, the authors analyze the structure, implementation, and transition process of the reform, while also highlighting strengths and identifying weaknesses that can be improved upon. This information can be used to assist Chile in its current pension reform, as well as be used as a potential model for future countries looking to overhaul their pension system.

Keywords. Privatization, Social security, Chile.

JEL. F21, F68, O53, K23.


Keywords


Privatization; Social security; Chile.

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References


Arenas de Mesa, A. (2019). Los sistemas de pensionesen la encrucijada: desafíos para la sostenibilidaden América Latina, ComisiónEconómica para América Latina y el Caribe, October.

Brown, A. (2019). Chile pension reform: Minister warns of voter disaffection risk, Business News Americas, 4 April. [Retrieved from].

Brown, A. (2019). E-mail interview. Conducted by Ryan Baber and Edward Taufer, 14 November.

Kritzer, B.E. (2008). Chile’s next generation pension reform, Social Security Bulletin, 68(2), 69-84.

Krygier, R. (2019). Chile to hold referendum on new constitution, The Washington Post, 15 November.

Piñera, J. (1996). Empowering workers: The privatization of social security in Chile, Cato Journal, 15(2), 155-166.




DOI: http://dx.doi.org/10.1453/jsas.v8i1.2173

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