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Estimación de un modelo estructural para las decisiones de retiro en Uruguay

Author

Listed:
  • Alvaro Forteza

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

  • Graciela Sanromán

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

Abstract

In this paper we estimate a structural model for retirement behavior using data on labor history of public employees in Uruguay. We use a modified version of the model proposed by Jimenez-Martin and Sánchez-Martin (2007) adjusted to the uruguayan case. The estimated coeffcient of relative risk aversion is around 2, indicating that agents are moderately risk-averse. Evidence also indicate that the probability of retire is greater for those who have less propensity to contribute and increases for women and older people. Finally, simulations show a very low sensitivity of the age of retirement to policy changes.

Suggested Citation

  • 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.
    • Handle: RePEc:ude:wpaper:2411
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    File URL: https://hdl.handle.net/20.500.12008/2215
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    References listed on IDEAS

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