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Chile's Solidarity Pillar: A Benchmark for Adjoining Zero Pillar with DC Schemes

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dc.contributor.author Fajnzylber, Eduardo
dc.date.accessioned 2019-07-31T21:33:50Z
dc.date.available 2019-07-31T21:33:50Z
dc.date.issued 2019-07-31
dc.identifier.citation Fajnzylber E. (2019), Chile's Solidarity Pillar: A Benchmark for Adjoining Zero Pillar with DC Schemes, Roma, INAPP, WP, n. 21 <https://oa.inapp.org/handle/20.500.12916/457>
dc.identifier.uri https://oa.inapp.org/xmlui/handle/20.500.12916/457
dc.description.abstract In 2008, Chile introduced a New Solidarity Pillar (NSP) designed to eliminate the incidence of poverty among elderly adults by setting a floor at around 40 percent of the minimum monthly income for the poorest 60 percent of the population. This paper describes the NSP’s main characteristics and the main results achieved during its first seven years of operations: coverage, fiscal cost, poverty reduction, and the system’s role in reducing the significant gender gap in pensions. Its effects on incentives to contribute are discussed, as well as the literature that has attempted to measure these effects. Finally, the main challenges facing the NSP and the implications for other countries under defined contribution pension schemes are summarized. en_US
dc.language.iso en en_US
dc.publisher INAPP en_US
dc.subject Pensioni en_US
dc.subject Previdenza en_US
dc.title Chile's Solidarity Pillar: A Benchmark for Adjoining Zero Pillar with DC Schemes en_US
dc.type Working Paper en_US
dc.type.relation Working Paper;


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