ABSTRACT
The paper evaluates the Chilean pension reform of the early 1980s by contrasting preliminary results after 15 years of operation against the promises embedded in the proposals originally made. Special attention is given to following topics: transparency, efficiency, coverage, benefits delivered, demographic issues, saving effects and the role of the State. The text concludes by stating that promises made have not necessarily been accomplished and that Latin American countries should think carefully whether the switch to Chilean-like fully-funded old-age pension schemes is really able to offer an encompassing solution for the current social security problems.
KEYWORDS:
Social security reform; economic history of Chile; Chilean model; public debt