Institute for Money, Technology & Financial Inclusion

Final Report/Synopsis of Research Results: This project suggests that studying the successful experiences of inclusion in the Chilean pension system and comparing the experiences of failure from the perspective of the actors themselves can obtain knowledge that will allow reforms to make effective solution to the inclusion independent of the poorest and most vulnerable to the mechanisms of saving for old age. Pension systems constitute a social protection mechanism whose objective is to smooth the decrease of consumption in the old age. Likewise other forms of saving, it distributes consumption along the life cycle, specifically, they take resources from the active part of the working life to that in which people cease to receive a salary.