TY  - JOUR
AU  - Mesa,Alberto Arenas de
AU  - Bravo,David
AU  - Behrman,Jere R.
AU  - Mitchell,Olivia S.
AU  - Todd,Petra E.
TI  - The Chilean Pension Reform Turns 25: Lessons From the Social Protection Survey
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 12401
PY  - 2006
Y2  - August 2006
UR  - http://www.nber.org/papers/w12401
L1  - http://www.nber.org/papers/w12401.pdf
N1  - Author contact info:
David Bravo
Centro de Microdatos
Universidad de Chile
Diag Paraguay #257, Torre 26
Santiago, Chile
E-Mail: dbravo@econ.facea.uchile.cl

Olivia S. Mitchell
University of Pennsylvania
Wharton School
3620 Locust Walk, St 3000 SH-DH
Philadelphia, PA 19104-6302
Tel: 215-898-0424
Fax: 215/898-0310
E-Mail: mitchelo@wharton.upenn.edu

Petra E. Todd
Department of Economics
University of Pennsylvania
3718 Locust Walk
Philadelphia, PA  19104
Tel: 215/898-4084
Fax: 215/573-2057
E-Mail: ptodd@econ.upenn.edu
M2  - featured in NBER digest on 2006-08-07
AB  - In 1980, Chile dramatically reformed its retirement system, replacing what was an old insolvent PAYGO program with a new structure that relies heavily on funded defined contribution individual accounts. In addition, eligibility and benefit requirements were standardized, and a safety net for old-age poverty was strengthened. Twenty-five years after this reform, the Chilean model is being re-assessed, in terms of coverage, contribution, investment, and retirement benefit outcomes. This paper introduces a recently-developed longitudinal survey of individual respondents in Chile, the Social Protection Survey (or Encuesta de Previsión Social, EPS), and illustrates some uses of this survey for microeconomic analysis of key aspects of the Chilean system.
ER  -