Unemployment insurance based on individual savings accounts: lessons for other latin american and developing countries from Chile
Author
dc.contributor.author
Sehnbruch, Kirsten
Author
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Carranza Navarrete, Rafael
Admission date
dc.date.accessioned
2016-06-17T19:59:14Z
Available date
dc.date.available
2016-06-17T19:59:14Z
Publication date
dc.date.issued
2015-12
Identifier
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https://repositorio.uchile.cl/handle/2250/138976
Abstract
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In recent years, unemployment protection systems based on individual savings have been instituted in
several developing countries. Chile was one of the first countries to establish such a system, which at the
time was widely referred to as a model for other countries. Since its institution in 2002, the Chilean UISA
has gradually been rolled out to cover the wage-earning population to the point that since 2009 its
administrative data can be considered to be representative of this segment of the labour force.
This paper examines how the Chilean UISA works, both in terms of its coverage and levels of benefits
and how it is different from a traditional unemployment insurance. We undertake a detailed analysis of
the administrative data produced by the UISA system, which also enables us to examine the functioning
of the Chilean labour market. Based on the interaction between employment characteristics and the
conditions imposed by the benefit system, we assess the efficacy of the system and analyse whether the
UISA can indeed serve as a model for other developing countries.
en_US
Patrocinador
dc.description.sponsorship
International Labour
Organisation (ILO), Geneva, by the Centre for Social Conflict and Cohesion Studies (CONICYT/FONDAP/15130009),
by Nopoor
en_US
Lenguage
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en
en_US
Publisher
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Universidad de Chile, Facultad de Economía y Negocios