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Welfare Reform on the Web (January 2006): Pensions - overseas

The Chilean model runs out of road

R. Lapper & A. Thomson
Financial Times, November 28th 2005, p.17

The Chilean pension system, its privately managed individual funds once envied by policy makers worldwide, is struggling to cope as Chileans’ job patterns change so that they make insufficient contributions. It’s a big election issue, but no one wants a return to a pay-as-you-go state system. Article touches on history and reform proposals.

Reinventing the retirement paradigm

R. L. Clark and O. S. Mitchell (editors)
Oxford: OUP, 2005

The book explores how rising pension and healthcare costs, along with workforce aging, are affecting pension and retirement planning around the world. Volatile capital markets, rising medical care costs, and low saving rates make retirement behaviour and policy a moving target.

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