Data projections of the replacement ratios for the cohorts of retirees in Chile under different policy reforms

Abstract

This article provides five panel datasets for the projections of the mean replacement ratios of pension income relative to the worker's income. The time dimension is from year 2022 until 2055. The panel groups consider the gender, income and education of the workers. Furthermore, the variables consider different scenarios for the social security system: (1) a baseline with the current policies, (2) an increase of retirement age to 67 years, (3) an increase of the retirement age to 67 years and a 6% increase of the contribution rate, with a rate of 0–3% going to solidarity funds.

Keywords

• Pensions
• Social security system
• Income redistribution
• Contributory pensions
• Retirement age