Projections of the replacement ratios for the cohorts of retirees in Chile for the period 2022 until 2055
The dataset provides projections of the replacement ratios of retirement income relative to the last income of the worker. Average values are reported for the cohorts of future retirees in Chile from 2022 until 2055. Projections are given for 6 different scenarios: "Current policies", "Increase of retirement age to 67 years", "Increase in age plus 6% increase in personal contribution rate", "Increase in age, 5% increase in contribution rate, 1% solidarity tax rate", "Increase in age, 4% increase in contribution rate, 2% solidarity tax rate", "Increase in age, 3% increase in contribution rate, 3% solidarity tax rate". There are 5 datasets which express average panel time series for 5 different populations: X1) All workers, X2) by gender, X3) by gender and worker income quartile, X4) by gender and education, X5) by gender, education, and income quartile. The same datasets are available in both Excel and Stata formats.
Steps to reproduce
The datasets were built using a household sample from the Chilean Family Expenditures Survey of 2017. Details are given in: C. Madeira, The impact of the Chilean pension withdrawals during the Covid pandemic on the future savings rate, J Int Money Finance, 126 (2022) 102650. https://doi.org/10.1016/j.jimonfin.2022.102650