Assessing Chile's Pension System: Challenges and Reform Options
Assessing Chile's Pension System: Challenges and Reform Options

Author: Samuel Pienknagura

Publisher: International Monetary Fund

Published: 2021-09-10

Total Pages: 52

ISBN-13: 151359611X

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Chile’s pension system came under close scrutiny in recent years. This paper takes stock of the adequacy of the system and highlights its challenges. Chile’s defined contribution system was quite influential when introduced, and was taken as an example by other countries. However, it is now delivering low replacement rates relative to OECD peers, as its parameters did not adapt over time to changing demographics and global returns, while informality persists in the labor market. In the absence of reforms, the system’s inability to deliver adequate outcomes for a large share of participants will continue to magnify, as demographic trends and low global interest rates will continue to reduce replacement rates. In addition, recent legislation allowing for pension savings withdrawals to counter the effects from the COVID-19 pandemic, is projected to further reduce replacement rates and increase fiscal costs. A substantial improvement in replacement rates is feasible, via a reform that raises contribution rates and the retirement age, coupled with policies that increases workers’ contribution density.

Population of Chile: Estimates and Projections, 1961-1991
Population of Chile: Estimates and Projections, 1961-1991

Author: Steve W. Rawlings

Publisher:

Published: 1969

Total Pages: 68

ISBN-13:

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Forecast based on statistical tables on the population situation in Chile for the period from 1961 to 1991, based on hypothetical trends in the levels of fertility and mortality - indicates the probable population distribution by age group and sex.

International Handbook of Rural Demography
International Handbook of Rural Demography

Author: László J. Kulcsár

Publisher: Springer Science & Business Media

Published: 2011-12-15

Total Pages: 401

ISBN-13: 940071842X

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This is the third in an essential series of Springer handbooks that explore key aspects of the nexus between demography and social science. With an inclusive international perspective, and founded on the principles of social demography, this handbook shows how the rural population, which recently dropped below 50 per cent of the world total, remains a vital segment of society living in proximity to much-needed developmental and amenity resources. The rich diversity of rural areas shapes the capacity of resident communities to address far-reaching social, environmental and economic challenges. Some will survive, become sustainable and even thrive, while others will suffer rapid depopulation. This handbook demonstrates how these future development trajectories will vary according to local characteristics including, but not limited to, population composition. The growing complexity of rural society is in part a product of significant international variations in population trends, making this comparative and comprehensive study of rural demography all the more relevant. Collating the latest research on international rural demography, the handbook will be an invaluable aid to policy makers as they try to understand how demographic dynamics depend on the economic, social and environmental characteristics of rural areas. It will also aid researchers assessing the unique factors at play in the rural context and endeavoring to produce meaningful results that will advance policy and scholarship. Finally, the handbook is an ideal text for graduate students in a spread of disciplines from sociology to international development.

The Global Findex Database 2017
The Global Findex Database 2017

Author: Asli Demirguc-Kunt

Publisher: World Bank Publications

Published: 2018-04-19

Total Pages: 228

ISBN-13: 1464812683

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In 2011 the World Bank—with funding from the Bill and Melinda Gates Foundation—launched the Global Findex database, the world's most comprehensive data set on how adults save, borrow, make payments, and manage risk. Drawing on survey data collected in collaboration with Gallup, Inc., the Global Findex database covers more than 140 economies around the world. The initial survey round was followed by a second one in 2014 and by a third in 2017. Compiled using nationally representative surveys of more than 150,000 adults age 15 and above in over 140 economies, The Global Findex Database 2017: Measuring Financial Inclusion and the Fintech Revolution includes updated indicators on access to and use of formal and informal financial services. It has additional data on the use of financial technology (or fintech), including the use of mobile phones and the Internet to conduct financial transactions. The data reveal opportunities to expand access to financial services among people who do not have an account—the unbanked—as well as to promote greater use of digital financial services among those who do have an account. The Global Findex database has become a mainstay of global efforts to promote financial inclusion. In addition to being widely cited by scholars and development practitioners, Global Findex data are used to track progress toward the World Bank goal of Universal Financial Access by 2020 and the United Nations Sustainable Development Goals. The database, the full text of the report, and the underlying country-level data for all figures—along with the questionnaire, the survey methodology, and other relevant materials—are available at www.worldbank.org/globalfindex.

Chile
Chile

Author:

Publisher: World Bank Publications

Published: 1995

Total Pages: 256

ISBN-13: 9780821332245

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Living Standards Measurement Study No. 113. This paper analyzes the extent to which workers in Bolivia face barriers to entry in the formal and informal sectors of the urban labor market. These barriers are most prevalent in the formal sector because of regulation. The higher wages found in the that sector are often regarded as evidence of labor market segmentation. However, wage differences between sectors may also result from compensating wage differentials, which follow from non-monetary returns to the job such as health insurance, utility associated with the workplace, and job security. The author proposes a model that allows testing for labor market segmentation between the two sectors on the basis of cross- sectional data. The methodology incorporates data on ways in which individuals search for new jobs and information about discouraged workers who have stopped searching for jobs. The proposed model accounts for all of the specific features of urban labor markets in developing countries, in particular the existence of a competitive informal sector.

The Demographic Dividend
The Demographic Dividend

Author: David Bloom

Publisher: Rand Corporation

Published: 2003-02-13

Total Pages: 127

ISBN-13: 0833033735

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There is long-standing debate on how population growth affects national economies. A new report from Population Matters examines the history of this debate and synthesizes current research on the topic. The authors, led by Harvard economist David Bloom, conclude that population age structure, more than size or growth per se, affects economic development, and that reducing high fertility can create opportunities for economic growth if the right kinds of educational, health, and labor-market policies are in place. The report also examines specific regions of the world and how their differing policy environments have affected the relationship between population change and economic development.