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Incentivos al trabajo y cobertura de riesgos de los programas de pensiones: el caso de Uruguay

Author

Listed:
  • Anna M. Caristo

    (Universidad de la República (Uruguay))

Abstract

Previous studies have shown that in industrialized countries the provision of social security could lead to an earlier retirement from the labor market. Forteza and Ourens (2012) investigated the pension plans in Latin America and found insensitive rates of return to retirement age. This paper applies the same methodology to Uruguay (micro simulations of cash flows) and explores these findings in more detail. The results show the opposite. In certain cases, the returns are sensitive to the age of retirement. Even after the 1995 and 2008 reforms, the Uruguayan regime still has incentives to leave work once the minimum requirements for access to benefits are satisfied.

Suggested Citation

  • Anna M. Caristo, 2015. "Incentivos al trabajo y cobertura de riesgos de los programas de pensiones: el caso de Uruguay," Económica, Departamento de Economía, Facultad de Ciencias Económicas, Universidad Nacional de La Plata, vol. 61, pages 81-126, January-D.
    • Handle: RePEc:lap:journl:598
    as

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    References listed on IDEAS

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    More about this item

    Keywords

    social security; pension plans; retirement incentives; expected rates of return; Uruguay.;
    All these keywords.

    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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