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The Chilean Pension System

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18-Aug-2009

The introduction in the early 1980s of a privately managed pension system in Chile attracted world-wide attention. This article describes the new system and the reform process, with a special emphasis on the fiscal impacts.

Stuctural Balance Policy in Chile

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29-Jul-2009

Since 2001 Chile’s fiscal policy has been built on the concept of a central government structural balance. The Fiscal Responsibility Law, passed in 2006, gave legal force to key aspects of the structural surplus and fiscal policy.

Pension reform in Chile revisited: what has been learned? (Social, Employment and Migration Working Paper No. 86, 2009)

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10-Apr-2009

Augusto Iglesias-Palau

The paper describes Chile’s pension reform of 1980, which replaced the existing pay-as-you-go public pension programs by a new funded pension program managed by private companies (the “AFP´s”)...

OECD Reviews of Labour Market and Social Policies: Chile

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06-Apr-2009

This report analyses in detail the implications of recent developments in Chile's labour market and social policy and considers the available policy options from the perspective of OECD countries’ experience.

Senior budget official country reviews of budgeting systems

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09-Dec-2008

The objective of senior budget official country reviews is to provide a comprehensive overview of the budget process in the country under examination, to evaluate national experiences in the light of international best practice and to provide specific policy recommendations.

Managing Chile’s macroeconomy during and after the copper price boom

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16-Apr-2008

L. de Mello

Compliance with the structural budget surplus rule, which has been in place since 2001, has allowed the government to maintain a counter cyclical fiscal stance in an environment of rising copper prices, while delivering a gradual reduction in public indebtedness.

Tackling business and labour informality in Chile

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16-Apr-2008

D. Contreras, L. de Mello and E. Puentes

Informality often arises from disincentives associated with high taxes and a restrictive regulatory framework in both labour and product markets. About 20% of the Chilean population aged 15 years and above and working at least 20 hours per week did not have a formal labour contract in 2006.

Delivering cost efficient public services in health care, education and housing in Chile

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16-Apr-2008

Diego Moccero

The Chilean authorities plan to raise budgetary allocations over the medium term for a variety of social programmes, including education, health care and housing. Read more in Economics Department Working Paper 606.

Latin America needs to improve quality and flexibility in public spending, OECD reports

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02-Mar-2006

Latin America’s biggest economies have made considerable progress in putting their public finances in order but much still needs to be done to increase the flexibility and improve the quality of government spending, according to a new OECD report.

Challenges to Fiscal Adjustment in Latin America: The Cases of Argentina, Brazil, Chile and Mexico

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22-Feb-2006

Despite considerable progress made by Latin America’s biggest economies in putting their public finances in order, numerous challenges remain. Challenges to Fiscal Adjustment in Latin America: The Cases ...

Adhesión a la OCDE

Andrés Velasco, Ministro de Hacienda de Chile, habla sobre el aporte mutuo entre la OCDE y Chile y los avances y desafíos del país en materia de reforma fiscal y transparencia bancaria.

Chile en camino hacia la OCDE

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Editor's Choice

Guidelines and recommendations on adapting budget systems to promote the use of performance information

Performance Budgeting in OECD Countries