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100 _aSehnbruch, Kirsten
_931611
245 _aThe Political Economy of Unemployment Insurance based on Individual Savings Accounts: Lessons from Chile
260 _bJohn wiley
_c2019.
300 _aVol.50, Issue 4, 2019;( 948-975 p.)
520 _aIn recent years, unemployment protection systems based on individual savings have been instituted in several developing countries. Chile was one of the first to establish such a system, which at the time was widely cited as a model for other countries. This article discusses the particular political context in which the Chilean system was created before examining how it works in terms of coverage and levels of benefits received by unemployed workers. The authors undertake a detailed analysis of the administrative data produced by the system and conclude that the insurance covers only a small proportion of the unemployed, as most workers generally had precarious jobs that did not allow them to contribute to the system consistently. The Chilean case illustrates how difficult it is to establish functioning unemployment insurance in developing countries with precarious labour markets. Based on the interaction between employment characteristics and the conditions imposed by the benefit system, the article assesses the efficacy of the Unemployment Insurance Savings Accounts (UISA) system and analyses whether it can indeed serve as a model for other developing countries.
700 _aCarranza, Rafael
_931612
700 _aPrieto, JoaquĆ­n
_931613
773 0 _08737
_915395
_dWest Sussex John Wiley & Sons Ltd. 1970
_tDevelopment and change
_x0012-155X
856 _u https://doi.org/10.1111/dech.12457
942 _2ddc
_cART