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

Author

Listed:
  • 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)

  • Alvaro Forteza

    (Departamento de Economía, Facultad de Ciencias Sociales, Universidad de la República)

  • Ianina Rossi

    (Departamento de Economía, Facultad de Ciencias Sociales, Universidad de la República)

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.

Suggested Citation

  • Ignacio Alvarez & Natalia da Silva & Alvaro Forteza & Ianina Rossi, 2009. "¿Qué incentivos al retiro genera la seguridad social? El caso uruguayo," Documentos de Trabajo (working papers) 2309, Department of Economics - dECON.
    • Handle: RePEc:ude:wpaper:2309
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    File URL: https://hdl.handle.net/20.500.12008/2141
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    Cited by:

    1. Marisa Bucheli & Cecilia Lara, 2018. "Revealing gender gap changes in home production and labor income in Uruguay," Documentos de Trabajo (working papers) 18-12, Instituto de Economía - IECON.
    2. Gioia de Melo & Nicolás Castiñeiras & Analía Ardente & Oriana Montti & Braulio Zelko & Federico Araya, 2019. "Eligibility for retirement and replacement rates in the Uruguayan multi-pillar pension system (Elegibilidad para el retiro y tasas de reemplazo en el sistema previsional multi-pilar en Uruguay)," Revista Desarrollo y Sociedad, Universidad de los Andes,Facultad de Economía, CEDE, vol. 83(3), pages 105-144, September.
    3. Aguila, Emma, 2014. "Male labor force participation and social security in Mexico," Journal of Pension Economics and Finance, Cambridge University Press, vol. 13(2), pages 145-171, April.
    4. Alvaro Forteza & Graciela Sanromán, 2011. "Estimación de un modelo estructural para las decisiones de retiro en Uruguay," Documentos de Trabajo (working papers) 2411 Classification-JEL :, Department of Economics - dECON.
    5. Marisa Bucheli & Cecilia González & Cecilia Olivieri, 2010. "Transferencias del sector público a la infancia y vejez en Uruguay (1994-2006)," Documentos de Trabajo (working papers) 0310, Department of Economics - dECON.
    6. Ignacio à lvarez & Natalia da Silva & à lvaro Forteza & Ianina Rossi, 2012. "Incentivos y patrones de retiro en Uruguay," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 27(2), pages 219-271.
    7. Ianina Rossi, 2018. "Systematic Determinants of Pensions in Latin America," Documentos de Trabajo (working papers) 0818, Department of Economics - dECON.

    More about this item

    Keywords

    incentives to retirement; social security;

    JEL classification:

    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies

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