Abstract:
The goal of this paper is to present the simulation model used in a research on the macroeconomic effects of the law 16.713 that reforms the Uruguayan social security system. It is a version of the overlapping generation models that have been extensively used for the analysis of fiscal and social security policies (Auerbach y Kotlikoff, 1987; Falkinghan y Johnson, 1993; Obstfeld y Rogoff, 1996, among others). The value added in the present version should be the adaptation of the general model to the particular conditions of Uruguay and the reform to be analyzed.