RIEBセミナー
RIEBセミナー
RIEBセミナー
神戸大学金融研究会／神戸大学経済経営研究所ラテンアメリカ政治経済研究部会 共催
| 日時 | 2022年3月29日（火）10:00 ～ 11:30 |
|---|---|
| 会場 | Zoom利用によるオンラインでの開催 |
| 対象 | 教員、院生、および同等の知識をお持ちの方 |
| 使用言語 | 英語 |
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10:00 ～ 11:30
- 論題
- The Impact of the Chilean Pension Withdrawals during the Covid Pandemic on the Future Savings Rate
- 報告者
- Carlos MADEIRA（Senior Economist, Financial Research Area, Financial Policy Division, Central Bank of Chile）
- 概要
- Chile implemented pension withdrawals during the Covid pandemic at a much larger scale than other OECD countries. Estimating a life cycle model with I find that households consume a significant fraction of their noncontributory pension wealth, implying a tradeoff between improving public pensions and increasing savings. Counterfactual simulations show that the pandemic pension withdrawals may decrease the future savings rate by 1.7%. Furthermore, policy reforms may decrease the aggregate savings rate by 0.2% for each percentage point of solidarity rate tax from current workers. The solidarity taxes increase substantially the pension income of poor retirees, but their effects decline over time.