摘要: In the mid-1970s Chile initiated a deep market-oriented reform program aimed at opening up economy, privatizing state owned enterprises and stabilizing macroeconomy. 1980s began to grow increasingly rapid rates -- between 1986 1995 average rate of growth bordered 7% --, becoming star performer. Perhaps one most admired aspects Chilean has been pension system, which replaced an inefficient pay-as-you-go system with privately administered defined contribution one. " This credited helping develop Chile's capital market, reducing government contingent liabilities boost traditionally anemic savings rate. The purpose this paper is analyze salient evaluate its achievements date. provides brief background reforms effort deals old including degree (in)efficiency, distributive characteristics fiscal consequences. functioning new managed discussed in detail, system's results date are evaluated. I also discuss transitional issues, consequences reforms. Finally, analysis effects on labor markets savings.
sci-hub.se 参考文章(0)