A Simulation Model for the Colombian Pension System

Oscar Becerra

No 2025-31, Documentos CEDE from Universidad de los Andes, Facultad de Economía, CEDE

Abstract: This article presents the CEDE Pension Model, a microsimulation tool designed to project key variables of Colombia’s pension system. The model integrates administrative data, household surveys, and institutional parameters to simulate labor histories using Markov chains and to project the number of older adults who will receive pension benefits through 2100. Its design enables the evaluation of policy options for old-age economic protection, highlighting trade-offs across coverage, equity and progressivity, adequacy, and fiscal sustainability.

Keywords: Social protection; pensions; simulation; Colombia (search for similar items in EconPapers)
JEL-codes: C15 H55 J14 J26 (search for similar items in EconPapers)
Pages: 40
Date: 2025-09
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Published in Documentos CEDE - Universidad de los Andes

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Persistent link: https://EconPapers.repec.org/RePEc:col:000089:021633

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