Pension Reform in Chile – An Annotated Bibliography

2016 ◽  
Vol 44 (2) ◽  
pp. 116-136
Author(s):  
Paul J. Moorman
Keyword(s):  
Social Security ◽  
Pension Reform ◽  
Social Security System ◽  
Annotated Bibliography ◽  
Security System ◽  
The Impact ◽  
New System ◽  
Do So

AbstractChile privatized its social security system in 1981. Almost immediately, scholars began analyzing the impact of the new system to gauge its effectiveness and they continue to do so to this day. This bibliography collects and describes the most significant scholarly articles, books, and book chapters written in English discussing and analyzing Chile's privatized social security system.

Risk tolerance and retirement income composition

2008 ◽  
Vol 8 (2) ◽  
pp. 131-151
Author(s):  
JONATHAN A. SCHWABISH ◽  
JULIE H. TOPOLESKI
Keyword(s):  
Social Security ◽  
Financial Risk ◽  
Social Security System ◽  
Risk Tolerance ◽  
Security System ◽  
Earnings Distribution ◽  
The Social ◽  
Retirement Funds ◽  
Lifetime Earnings ◽  
The Impact

SUMMARYProposed changes to the Social Security system will affect the financial risk workers will face in their retirement differently across the income distribution. This study examines levels of financial risk workers face at different points in the lifetime earnings distribution. To do so, we use a microsimulation model that projects individual demographic and economic characteristics within the context of the Social Security system and the macroeconomy to assess the impact of two policy changes on the levels of lifetime benefits available to current and future retirees. Further, we incorporate data on pensions and savings to illustrate differences in the level and distribution of retirement funds across the earnings distribution. This exercise allows us to assess the financial risk workers face in their retirement, both within the Social Security system itself and within a broader view of the stream of total available retirement funds. We also use survey data to show that low earners are the least willing to tolerate such risk.

scholarly journals PENSION DEFICIT IN BRAZILIAN SOCIAL SECURITY SYSTEM: LEGAL REMARKS AND STRATEGIES TOWARDS FINANCIAL SUSTAINABILITY

2018 ◽  
Vol 2 (2) ◽  
pp. 309-329
Author(s):  
Cristiane Miziara Mussi ◽  
Marcos Roberto Pinto
Keyword(s):  
Social Security ◽  
Pension System ◽  
Social Indicators ◽  
Social Security System ◽  
Security System ◽  
Educational Systems ◽  
Financial Sustainability ◽  
Informal Workers ◽  
Brazilian Government ◽  
The Impact

The present article consists in the brief analysis of the evolution of the Brazilian General Regime Social Security, depicting its frailty against subsequent legal reforms through which it has passed in recent years. It also deals with the impact of socioeconomic changes on the current and future financial sustainability of the Brazilian pension system. In fact, the evolution of the statistics concerning such social indicators can be quite decisive for the future sustainability of the Brazilian social security system. For this, we used the phenomenological method - hermeneutics, by privileging theoretical studies and analysis of documents and texts. Such research is very important in order to provide a glimpse of the general social security regimen in Brazil and its future prospects. The main results show that there is a budgetary concern due to the growth in life expectancy and declining birth rate. Even with the absence of the current financial deficit proclaimed by the media and the federal government, there will be the need for reform to fit the budget of Brazil’s future Social Security System. According to our analysis, the improvement of Brazilian Social Security requires legal autonomy of the Social Security Revenue (thus preventing the withdrawal of it funds to defray social security benefits belonging to another public sectors), the increase of minimum wage in the country, and public policies to stimulate the entry of informal workers in the General Social Security Regimen. Furthermore, this article suggests that, as a matter of immediate public policy, the Brazilian government should focus more energetically in improvement of educational systems, which presents itself as a strong indicator for the improvement of social welfare budget. 

scholarly journals PENSION DEFICIT IN BRAZILIAN SOCIAL SECURITY SYSTEM: LEGAL REMARKS AND STRATEGIES TOWARDS FINANCIAL SUSTAINABILITY

2014 ◽  
Vol 2 (2) ◽  
pp. 309-329
Author(s):  
Cristiane Miziara Mussi ◽  
Marcos Roberto Pinto
Keyword(s):  
Social Security ◽  
Pension System ◽  
Social Indicators ◽  
Social Security System ◽  
Security System ◽  
Educational Systems ◽  
Financial Sustainability ◽  
Informal Workers ◽  
Brazilian Government ◽  
The Impact

The present article consists in the brief analysis of the evolution of the Brazilian General Regime Social Security, depicting its frailty against subsequent legal reforms through which it has passed in recent years. It also deals with the impact of socioeconomic changes on the current and future financial sustainability of the Brazilian pension system. In fact, the evolution of the statistics concerning such social indicators can be quite decisive for the future sustainability of the Brazilian social security system. For this, we used the phenomenological method - hermeneutics, by privileging theoretical studies and analysis of documents and texts. Such research is very important in order to provide a glimpse of the general social security regimen in Brazil and its future prospects. The main results show that there is a budgetary concern due to the growth in life expectancy and declining birth rate. Even with the absence of the current financial deficit proclaimed by the media and the federal government, there will be the need for reform to fit the budget of Brazil’s future Social Security System. According to our analysis, the improvement of Brazilian Social Security requires legal autonomy of the Social Security Revenue (thus preventing the withdrawal of it funds to defray social security benefits belonging to another public sectors), the increase of minimum wage in the country, and public policies to stimulate the entry of informal workers in the General Social Security Regimen. Furthermore, this article suggests that, as a matter of immediate public policy, the Brazilian government should focus more energetically in improvement of educational systems, which presents itself as a strong indicator for the improvement of social welfare budget. 

SOCIAL SECURITY EVALUATION: A CRITIQUE

2005 ◽  
Vol 9 (1) ◽  
pp. 57-97 ◽  
Author(s):  
JORGE SOARES
Keyword(s):  
Social Security ◽  
Direct Effect ◽  
Well Being ◽  
Social Security System ◽  
Security System ◽  
Security Evaluation ◽  
Optimal Consumption ◽  
Labor Income ◽  
Lifetime Income ◽  
The Impact

I study the bias of actuarially fair measures commonly used to evaluate the impact of a social security system on the well-being of individuals. I investigate how the magnitude of this bias is affected by different features of a pay-as-you-go social security system. Social security affects an individual's welfare in ways other than through its direct effect on her lifetime income. It influences labor and savings decisions and hence factor prices, affecting labor income and the return to savings. Although social security can provide insurance against risk, it can also push borrowing-constrained individuals further away from their optimal consumption paths. I show that, by ignoring these features, actuarially fair measures can grossly misevaluate the impact of social security on the well-being of an individual.

scholarly journals The Measurement of Social Security Convergence: The Case of European Public Pension Systems since 1950

1999 ◽  
Vol 28 (4) ◽  
pp. 595-618 ◽  
Author(s):  
PAUL JOHNSON
Keyword(s):  
Social Security ◽  
System Development ◽  
Social Security System ◽  
Security System ◽  
Public Pension ◽  
Social Security Systems ◽  
Security Systems ◽  
Regime Types ◽  
The Impact ◽  
Over Time

This article proposes a novel way of measuring cross-national changes over time in the outputs of social security systems. Traditional approaches to the comparative analysis of social security systems use expenditure levels, regime types or poverty and inequality rates to rank countries and map change over time. All these approaches encounter the problem of determining how much of the observed change is due to internal developments within the social security system, and how much due to exogenous social and economic factors. Taking the example of public pensions in five European countries since 1950, this article demonstrates how formal social security rules can be used in a simulation model to evaluate changes in public pension payments for a variety of hypothetical individuals characterised by different levels of lifetime income. This procedure produces direct measures of the impact of changes in social security systems which are entirely independent of exogenous developments in social and economic structures. This new method reveals the ‘pure’ effect of internal social security system development over time.

scholarly journals PENSION DEFICIT IN BRAZILIAN SOCIAL SECURITY SYSTEM: LEGAL REMARKS AND STRATEGIES TOWARDS FINANCIAL SUSTAINABILITY

2018 ◽  
Vol 2 (2) ◽  
pp. 309-329
Author(s):  
Cristiane Miziara Mussi ◽  
Marcos Roberto Pinto
Keyword(s):  
Social Security ◽  
Pension System ◽  
Social Indicators ◽  
Social Security System ◽  
Security System ◽  
Educational Systems ◽  
Financial Sustainability ◽  
Informal Workers ◽  
Brazilian Government ◽  
The Impact

The present article consists in the brief analysis of the evolution of the Brazilian General Regime Social Security, depicting its frailty against subsequent legal reforms through which it has passed in recent years. It also deals with the impact of socioeconomic changes on the current and future financial sustainability of the Brazilian pension system. In fact, the evolution of the statistics concerning such social indicators can be quite decisive for the future sustainability of the Brazilian social security system. For this, we used the phenomenological method - hermeneutics, by privileging theoretical studies and analysis of documents and texts. Such research is very important in order to provide a glimpse of the general social security regimen in Brazil and its future prospects. The main results show that there is a budgetary concern due to the growth in life expectancy and declining birth rate. Even with the absence of the current financial deficit proclaimed by the media and the federal government, there will be the need for reform to fit the budget of Brazil’s future Social Security System. According to our analysis, the improvement of Brazilian Social Security requires legal autonomy of the Social Security Revenue (thus preventing the withdrawal of it funds to defray social security benefits belonging to another public sectors), the increase of minimum wage in the country, and public policies to stimulate the entry of informal workers in the General Social Security Regimen. Furthermore, this article suggests that, as a matter of immediate public policy, the Brazilian government should focus more energetically in improvement of educational systems, which presents itself as a strong indicator for the improvement of social welfare budget. 

scholarly journals PENSION DEFICIT IN BRAZILIAN SOCIAL SECURITY SYSTEM: LEGAL REMARKS AND STRATEGIES TOWARDS FINANCIAL SUSTAINABILITY

2018 ◽  
Vol 2 (2) ◽  
pp. 309-329
Author(s):  
Cristiane Miziara Mussi ◽  
Marcos Roberto Pinto
Keyword(s):  
Social Security ◽  
Pension System ◽  
Social Indicators ◽  
Social Security System ◽  
Security System ◽  
Educational Systems ◽  
Financial Sustainability ◽  
Informal Workers ◽  
Brazilian Government ◽  
The Impact

The present article consists in the brief analysis of the evolution of the Brazilian General Regime Social Security, depicting its frailty against subsequent legal reforms through which it has passed in recent years. It also deals with the impact of socioeconomic changes on the current and future financial sustainability of the Brazilian pension system. In fact, the evolution of the statistics concerning such social indicators can be quite decisive for the future sustainability of the Brazilian social security system. For this, we used the phenomenological method - hermeneutics, by privileging theoretical studies and analysis of documents and texts. Such research is very important in order to provide a glimpse of the general social security regimen in Brazil and its future prospects. The main results show that there is a budgetary concern due to the growth in life expectancy and declining birth rate. Even with the absence of the current financial deficit proclaimed by the media and the federal government, there will be the need for reform to fit the budget of Brazil’s future Social Security System. According to our analysis, the improvement of Brazilian Social Security requires legal autonomy of the Social Security Revenue (thus preventing the withdrawal of it funds to defray social security benefits belonging to another public sectors), the increase of minimum wage in the country, and public policies to stimulate the entry of informal workers in the General Social Security Regimen. Furthermore, this article suggests that, as a matter of immediate public policy, the Brazilian government should focus more energetically in improvement of educational systems, which presents itself as a strong indicator for the improvement of social welfare budget. 

scholarly journals The development of China’s urban social security system, 1949–1988

2021 ◽  
Author(s):  
Guan Huang
Keyword(s):  
Economic Growth ◽  
Social Security ◽  
Chinese Communist Party ◽  
Institutional Design ◽  
Statistical Data ◽  
Social Security System ◽  
Structural Features ◽  
Security System ◽  
Chinese Case ◽  
The Impact

Abstract In examining the development of urban social security in China between 1949 and 1988, this study elucidates the impact of a country’s politics on the modification of the design, operation, and transformation of its social security. This study complements existing theories and questions regarding the correlation between economic growth and the development of social security and tests the utility of popular theories of social security development for understanding the Chinese case. In order to conduct vertical comparison, this study divides the period of social security development—namely, 1949 to 1988—according to changes in Chinese Communist Party (CCP) doctrine. Focusing on the emergence of and modifications to China’s social security system before its reform in 1988, this study identifies the structural features and philosophy of its institutional design and analyses its development using statistical data. More specifically, this study demonstrates that changes in the doctrine of the CCP decisively impacted the development of China’s urban social security. In doing so, this study demonstrates a new means of predicting a country’s social security development.

scholarly journals The uptake of social security benefits among psychiatric day hospital patients

1989 ◽  
Vol 13 (11) ◽  
pp. 626-627 ◽  
Author(s):  
Daniel S. Allen ◽  
Renate West
Keyword(s):  
Medical Journal ◽  
Social Security ◽  
Mentally Ill ◽  
Social Security System ◽  
Security System ◽  
Day Hospital ◽  
The Social ◽  
Hospital Patients ◽  
Social Security Benefits ◽  
The Impact

A leader in the British Medical Journal (BMJ) last year (Marks, 1988) suggested that the uptake of social security benefits among mentally ill people is low. However, this statement was based on the only data the writer could find – a study of 37 patients conducted in Islington based on the old social security system, prior to April 1988 (Linney & Boswell, 1987). Two weeks later, another BMJ leader (Marcovitch, 1988) bemoaned the fact that insufficient research had been conducted on the impact of changes in the social security system.

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