Gender, family status and health characteristics: Understanding retirement inequalities in the Chilean pension model.

This paper aims to measure the impact of life‐cycle events on accumulated retirement savings within the context of a retirement system with mandatory individual savings accounts. Taking into account the impact of lifetime events through multiple channels, the author presents a set of correlated equa...

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Publicado en:International Labour Review Vol. 162; no. 2; pp. 271 - 304
Autor principal: PARADA‐CONTZEN, Marcela
Formato: Artículo
Publicado: Open Library of Humanities Jun2023
Acceso en línea:Ver este registro en EBSCOhost
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      dt: Jun2023
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        atl: Gender, family status and health characteristics: Understanding retirement inequalities in the Chilean pension model.
      aug:
        au: PARADA‐CONTZEN, Marcela
        affil: Millennium Nucleus (Intergenerational Mobility: From Modelling to Policy) and Departamento de Ingeniería Industrial, Facultad de Ingeniería, Universidad de Concepción, , Chile
      keyword:
        Chile
        old age benefit
        retirement
        sex discrimination
        Chile
        old age benefit
        retirement
        sex discrimination
      ab: This paper aims to measure the impact of life‐cycle events on accumulated retirement savings within the context of a retirement system with mandatory individual savings accounts. Taking into account the impact of lifetime events through multiple channels, the author presents a set of correlated equations that capture labour market behaviour, portfolio and savings decisions, risk preferences, and family and health characteristics, using data from an iconic Chilean experiment. The findings indicate that a woman located in the middle of the wealth distribution who is married with two children, and who suffers a health shock in the last ten years of her working life cycle, accumulates less wealth than her counterpart.
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    language: English
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