PRIVATIZING SOCIAL-SECURITY - THE CHILEAN CASE

The privatization of social security has become a topic of considerable interest among countries adopting broad economic restructuring programs, such as Mexico, Colombia, Venezuela, and Bolivia. 1 This program, which has existed in Chile since 1980, has seemingly lowered costs, increased national wages and savings, and aided the development of financial markets. A privatized social security such as this one could provide an answer to investment problems for both developing and developed nations.