The 2008 Chilean pension reform: Household financial decisions and gender differences

Bucciol, Alessandro ; Manfrè, Martina ; Gimenez, Gregorio (Universidad de Zaragoza)

Resumen: We evaluate the effect of the 2008 pension reform in Chile, applying a difference-in-difference estimation method to longitudinal survey data representative of the Chilean population. Our evidence suggests that those who started to receive a basic pension increased their debt more than their assets. We interpret this as an indicator of debt sustainability. The debt ratio increased significantly more for women, who may be particularly exposed to financial crises. The results raise concerns about the potential financial vulnerability of the population targeted by the reform, due to over-indebtedness.

Idioma: Inglés

DOI: 10.1080/17487870.2020.1778475

Año: 2020

Publicado en: Journal of Economic Policy Reform 25, 1 (2020), 62-79
ISSN: 1748-7870

Factor impacto JCR: 2.455 (2020)

Categ. JCR: DEVELOPMENT STUDIES rank: 17 / 41 = 0.415 (2020) - Q2 - T2
Categ. JCR: ECONOMICS rank: 130 / 376 = 0.346 (2020) - Q2 - T2

Factor impacto SCIMAGO: 0.53 - Economics, Econometrics and Finance (miscellaneous) (Q1) - Business and International Management (Q1)

Tipo y forma: Article (PrePrint)

Área (Departamento): Área Economía Aplicada (Dpto. Estruc.Hª Econ.y Eco.Pb.)