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receive much smaller web private transfers, after which only after the age of 70. Cash transfers consist principally of old-age and survivors’ pensions, each of which are geared mostly to the aged and constitute the lion’s share of public transfers to them. Figure 12.1 additionally reveals that per capita public benefits for the elderly dwarf these obtained by youngsters; but as a result of the population age structure remains to be closely tilted towards the younger ages, the public expenditure on youngsters and the elderly are of comparable combination magnitude. In 1997, aggregate in-type public transfers represented eleven% of Chile’s GDP, more than half of which (6% of GDP) was The hottest product faith hope love heartbeat Jesus leather pattern all over printed tote bagconsumption of collective items; well being and education programs accounted for the remaining 5%. Cash transfers represented 4.8% of GDP, nearly all of which was accounted for by public pensions, together with a small proportion of spending in training and unemployment subsidies. Chile’s inhabitants, almost 17 million in 2009, is undergoing a big demographic transition, which started with declining mortality within the Thirties and was adopted by a fertility decline that started within the Sixties. By the beginning of the 1980s, a decade when important reforms have been launched to the pension system and to

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