Pension Payouts in Chile: Past, Present, and Future Prospects
35 Pages Posted: 23 Sep 2009 Last revised: 26 Nov 2011
Date Written: September 22, 2009
Abstract
One of the most interesting features of the Chilean pension system is that approximately two-thirds of all retirees purchase annuities, resulting in annuitization rates much higher than in other countries. In this paper we review recent developments in the payout market for Chilean pensions, focusing particularly on the role of annuities, and we discuss what makes the payout market in Chile so different from those in other nations.
Keywords: annuitiy, pension, Chile, system, benefits, balance, mortality, scomp, payments, retirement, insurance
Suggested Citation: Suggested Citation
Do you have negative results from your research you’d like to share?
Recommended Papers
-
New Evidence on the Money's Worth of Individual Annuities
By Olivia S. Mitchell, James M. Poterba, ...
-
The Cost of Annuities: Implications for Saving Behavior and Bequests
-
Annuities and Individual Welfare
By Thomas Davidoff, Jeffrey R. Brown, ...
-
Annuities and Individual Welfare
By Thomas Davidoff, Jeffrey R. Brown, ...
-
The Role of Real Annuities and Indexed Bonds in an Individual Accounts Retirement Program
By Jeffrey R. Brown, Olivia S. Mitchell, ...
-
Joint Life Annuities and Annuity Demand by Married Couples
By Jeffrey R. Brown and James M. Poterba
-
Private Pensions, Mortality Risk, and the Decision to Annuitize
-
Longevity-Insured Retirement Distributions from Pension Plans: Market and Regulatory Issues