Social Security Reforms in Chile: Effects on Poverty, Labor Supply, and Savings

Simple item page
dc.contributor.advisorLi, Dong
dc.contributor.advisorGiertz, Seth
dc.contributor.advisorHarrington, James R.
dc.contributor.committeeMemberMiranda-Pinto, Jorge
dc.contributor.committeeMemberSiqueira, Kevin
dc.creatorFaundez Madariaga, Sebastian Carlos
dc.date.accessioned2023-10-26T16:19:25Z
dc.date.available2023-10-26T16:19:25Z
dc.date.created2023-08
dc.date.issuedAugust 2023
dc.date.submittedAugust 2023
dc.date.updated2023-10-26T16:19:26Z
dc.description.abstractThis dissertation examines the effects of Chile’s solidarity pensions on retirement behavior, poverty reduction in old age, and the consequences of early pension withdrawals during the COVID-19 pandemic. The first study analyzes the impact of expanded solidarity pensions on retirement decisions and poverty rates using a life cycle model for married males and data from the Chilean Social Protection Survey (EPS). The findings show that increased mini- mum pensions discourage labor force participation and lead to earlier retirements, while also reducing poverty among individuals over 65. The second study focuses on the consequences of early pension withdrawals during the pandemic. Using a life cycle model and taking ad- vantage of a supplementary section in the EPS on early withdrawals during the pandemic, the research assesses the effects of these withdrawals on pension wealth, saving rates, and replacement rates. The findings indicate that early withdrawals significantly reduce private pension savings at retirement, resulting in lower replacement rates. However, the inclusion of solidarity pensions helps mitigate the reduction in replacement rates, particularly bene- fiting those who made withdrawals in their 40s and individuals with middle incomes. This dissertation provides valuable insights for policymakers and individuals regarding pension reforms and retirement decisions.
dc.format.mimetypeapplication/pdf
dc.identifier.uri
dc.identifier.urihttps://hdl.handle.net/10735.1/9976
dc.language.isoEnglish
dc.subjectEconomics, General
dc.titleSocial Security Reforms in Chile: Effects on Poverty, Labor Supply, and Savings
dc.typeThesis
dc.type.materialtext
thesis.degree.collegeSchool of Economic, Political and Policy Science
thesis.degree.departmentEconomics
thesis.degree.grantorThe University of Texas at Dallas
thesis.degree.namePHD

Files

Original bundle

Now showing 1 - 1 of 1
Thumbnail Image
Name:
FAUNDEZ MADARIAGA-PRIMARY-2023.pdf
Size:
1.59 MB
Format:
Adobe Portable Document Format
Download

License bundle

Now showing 1 - 2 of 2
No Thumbnail Available
Name:
proquest_license.txt
Size:
6.41 KB
Format:
Plain Text
Description:
Download
No Thumbnail Available
Name:
license.txt
Size:
2.03 KB
Format:
Plain Text
Description:
Download

Collections

UTD Theses and Dissertations