Chile’s disability system costs about half of what the disability system costs in the United States and Europe, due to privatization and better incentives.
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![Cutting Disability Costs in Half: Evidence from Chile](https://www.goodmaninstitute.org/wp-content/uploads/2021/09/Estelle-James.jpg)
Cutting Disability Costs in Half: Evidence from Chile
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![Unemployment Insurance in a Free Society](https://www.goodmaninstitute.org/wp-content/uploads/2012/06/NCPA-1080x675.jpg)
Unemployment Insurance in a Free Society
By using individual accounts and better incentives, Chile has discovered a far better way to hedge against the risks of unemployment.