¿Qué incentivos al retiro genera la seguridad social? El caso uruguayo

Ignacio Alvarez (), Natalia da Silva (), Alvaro Forteza () and Ianina Rossi
Additional contact information
Ignacio Alvarez: Departamento de Economía, Facultad de Ciencias Sociales, Universidad de la República
Natalia da Silva: Departamento de Economía, Facultad de Ciencias Sociales, Universidad de la República

No 2309, Documentos de Trabajo (working papers) from Department of Economics - dECON

Abstract: The activity rate of mature men has increased in Uruguay in recent decades. This trend is remarkably different from what has been observed in most developed and Latin American countries. We analyze in this paper the incentives to retire implicit in the main social security program of Uruguay. We find that mature men tend to experience significant social security wealth losses if they postpone retirement. These losses tend to represent a greater share of workers wages in Uruguay than in developed countries. The 1996 social security reform reduced the losses significantly and, in some cases, turned them into gains, providing incentives to postpone retirement. It is unclear yet what effects these changes will have on retirement. So far, only in the case of women a clear increase in the retirement age has been observed and it seems to have been caused by the increase in the minimum retirement age, rather than in changes in social security wealth.

Keywords: incentives to retirement; social security (search for similar items in EconPapers)
JEL-codes: H55 J14 J26 (search for similar items in EconPapers)
Pages: 55 pages
Date: 2009-11
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Citations: View citations in EconPapers (4)

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https://hdl.handle.net/20.500.12008/2141 (application/pdf)

Related works:
Journal Article: ¿Qué Incentivos al Retiro Genera la Seguridad Social? El Caso Uruguayo (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:ude:wpaper:2309

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