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3ie-LIDC Seminar Series: Formal labour market and pension wealth: evaluating the 2008 Chilean pension reform

Wednesday, May 25, 2011 - 17:00
17:00 to 18:30, London International Development Centre (LIDC), Room 103, 36 Gordon Square, London, WC1H0

Speaker: Prof Orazio Attanasio Professor, University College of London

This study aims to estimate the impact of the 2008 Chilean pension reform on the Chilean labor market participation. During 2008 Chile reformed its Defined Contribution Pension System, widening the welfare tier and improving the contributory tier. The main goals of the reform were to guarantee a minimum level of consumption upon retirement, prevent old-age poverty and reduce gender inequalities. The reform ensures old-age income to individuals that have not saved enough to self-finance a minimum level of consumption and promotes labor market participation, in particular among groups whose attachment has been traditionally infrequent or irregular, such as women, the self-employed and young people.