Augusto Pinochet

Explore the pension system in Chile, a complex system with both positive and negative consequences for its citizens since the 1970s.

Chile's economic miracle is examined through the lens of pension reform, revealing complex legacies and potential trade-offs between growth and social welfare.

Chile's 1970s pension reform introduced Personal Retirement Accounts (PRAs), replacing the state-run pay-as-you-go system under President Augusto Pinochet's leadership.

Pension Reforms in Chile from 1979-1981 introduced a private pension system allowing workers to opt out of state pensions and contribute to individual accounts managed by private companies.

The 1973 Chilean coup marked a turning point in the development of neoliberalism, leading to a significant reduction in inflation but also far-reaching social consequences.

Explore the 1973 coup d'état in Chile led by General Augusto Pinochet that overthrew President Salvador Allende's democratically elected government.