Gender Effects of Social Security Reform in Chile |
| |
| Authors: | Edwards Alejandra Cox |
| |
| Affiliation: | Alejandra Cox Edwards is in the Department of Economics at California State University, Long Beach. Her e-mail address is edwards.ac{at}attbi.com. |
| |
| Abstract: | In 1981 Chile replaced a mature government-run social securitysystem that operated on a pay-as-you-go basis with a privatelymanaged system based on individual retirement accounts. Thenew system is more fiscally sustainable because pension benefitsare defined by contributions. The minimum pension guaranteedto beneficiaries with at least 20 years is funded from generaltaxes, preserving the tight matching between contributions andbenefits. The new system also eliminates several cross-subsidies.Men and women with less than secondary education gain underthe new system, but single women with more education lose. Comparisonof the old and the new systems reveals a complex set of factorsthat cause gender effects given constant behavior or changebehavior across genders. |
| |
| Keywords: | |
| 本文献已被 Oxford 等数据库收录！ |
|
