The introduction in the early 1980s of a privately managed pension system in Chile, based on individual capital accounts, has attracted world-wide attention. This reform – as well as other market oriented structural changes – and the significant improvement in Chilean economic performance has led many observers to conclude a direct link, especially through the rise in private domestic savings generated through the new pension system.
To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.
