Consumption smoothening, financial literacy and old age vulnerability: Experiences of success and failure with a private pension system in Chile

Consumption smoothening, financial literacy and old age vulnerability: Experiences of success and failure with a private pension system in Chile

2010

Latin America and the Caribbean

Chile

This project suggests that studying the successful experiences of inclusion in the Chilean pension system and comparing the experiences of failure from the perspective of the actors themselves can obtain knowledge that will allow reforms to make effective solution to the inclusion independent of the poorest and most vulnerable to the mechanisms of saving for old age.

Aldo Madariaga, Nicolas Perez, Rodrigo Figueroa

Aldo Madariaga is a sociologist at the University of Chile, where he has taught economic sociology. He is currently obtaining a diploma (PGDip) in Public policy analysis at the same university. He has carried several funded research oriented towards public policy and pension systems. At the present he is a research assistant in the Social Development Division at the Economic Commission for Latin America and the Caribbean (ECLAC).

Nicolas Perez has a degree in sociology from the University of Chile and a diploma (PGDip) in advanced social data analysis by the Pontifical Catholic University of Chile. He is currently working as Director of Studies in a local private consultant agency where he has participated in research related to the field of finance, telecommunications and small business.

Rodrigo Figueroa has a degree in sociology from the University of Chile (1998) and a master in Labor Economy and Work Relations from the Pontifical Catholic University in Peru. He has developed an academic and research experience in the fields of economic development, small business and rural economy, poverty, middle classes and the performance of labor institutions. He received a doctoral fellowship from the Fulbright Commission, and is currently a doctorate student at the University of Connecticut.