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2016 | 43 | 11-12(512-513) | 4-9

Article title

REFORMA EMERYTUR W CHILE

Selected contents from this journal

Title variants

REFORMING PENSIONS IN CHILE

Languages of publication

PL

Abstracts

PL
W artykule autorzy wykazują, że doświadczenia Chile dotyczące ograniczenia kont indywidualnych zostały przewidziane i że do rozwiązywania problemów wykorzystywano racjonalne i ewolucyjne podejście. W artykule przedstawiono również system emerytalny z 1981 r. i jego problemy. Omówiono reformę strategiczną systemu emerytalnego z 2008 r. oraz nakreślono kontekst działań Komisji Bravo i jej propozycje.
EN
This paper argues that experience in Chile demonstrates (a) problems with fullyfunded defined-contribution indivdual accounts that were both predictable and predicted, and (b) a mostly rational evolutionary approach to addressing those problems. Section 2 briefly outlines the 1981 system and its problems. Section 3 discusses strategic reform in 2008 which addressed some of those problems. Section 4 – the main focus of the paper – discusses the unfinished business left by the 2008 reforms and sets out the main proposals of the 2015 Bravo Commission, including its 58 specific proposals, which commanded majority support from the Commissioners, and its three very different Global Proposals, about organising and financing the system, which are highly controversial.

Year

Volume

43

Pages

4-9

Physical description

Contributors

author
  • London School of Economics, Wielka Brytania
  • Mass­a­chu­setts Insti­tute of Tech­nol­ogy, USA; Lon­don School of Eco­nom­ics, Wielka Bry­ta­nia

References

  • Attanasio, O., Meghir, C., Mitchell, O.S. (2015), What the U.S. can learn from Chile’s retirement system, Fortune, October 29, http://fortune.com/2015/10/29/u-s-learn-from-chile-retirement-system/ [access 27.02.2016].
  • Barr, N. (2001) The welfare state as piggy bank: information, risk, uncertainty, and the role of the state, Oxford University Press.
  • Barr, N., Diamond, P. (2009), Reforming pensions: Principles, analytical errors and policy directions, “International Social Security Review”, Vol. 62, No. 2, 2009, pp. 5–29; also in French, German and Spanish.
  • Barr, N., Diamond, P. (2010a), Pension Reform: A Short Guide, Oxford University Press.
  • Barr, N., Diamond, P. (2010b), Pension Reform in China: Issues, Options and Recommendations, http://www.cairncrossfund.org/en-17-new%20Announcement%20-Background%20Papers.htm [access 27.02.2016].
  • Bielawska, K., Chłoń-Domińczak, A., Stańko, D. (2016), Retreat from mandatory pension funds in countries of the Eastern and Central Europe in result of financial and fiscal crisis: Causes, effects and recommendations for fiscal rules, Warsaw School of Economics, Warsaw.
  • Chile Presidential Advisory Commission on the Pension System (Comisión Asesora Presidencial sobre el Sistema de Pensiones) (the Bravo Commission) (2015a), Resumen Ejectivo, Santiago, Chile, http://www.comision-pensiones.cl/Documentos/GetResumen [access 27.02.2016].
  • Chile Presiden­tial Advisory Commission on the Pension System (the Bravo Commission) (2015b), Informe Final, Santiago, Chile, http://www.comision-pensiones.cl/Documentos/GetInforme [access 27.02.2016].
  • Chile Presidential Advisory Council (the Marcel Commission) (2006), El Derecho a Una Vida Digna en la Vejez: Hacia un Contrato Social con la Previsión en Chile, Vol. 1 Diagnostico y Propuesta de Reforma; Vol. 2 Consulta Cuidadana, Santiago, Chile.In English: Executive Summary, http://www.comision-pensiones.cl/Documentos/GetResumenIngles [access 27.02.2016].
  • In Polish: Reformy systemu emerytalnego: Krótki przewodnik, Polskie Towarzystwo Ekonomiczne, Rofman, R., Apella, I., Vezza, E., eds. (2015), Beyond Contributory Pensions: Fourteen Experiences with Coverage Expansion in Latin America, The World Bank, Washington DC.
  • Simonovits, A. (2011), The mandatory private pension pillar in Hungary: An obituary, “International Social Security Review”, Vol. 64, No. 3, July-September, pp. 81–98.
  • Soto, M. (2007), The Chilean Pension Reform: 25 Years Later, “Pensions”, No. 12, pp. 98–106. doi:10.1057/palgrave.pm.5950049.
  • World Bank (1994), Averting the old age crisis, Oxford University Press.

Document Type

Publication order reference

Identifiers

YADDA identifier

bwmeta1.element.desklight-c7e8816e-7bde-436f-89aa-9c80c63ddfb2
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