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


  • 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)


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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    Cited by:

    1. Ignacio Álvarez & Natalia da Silva & Álvaro 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.
    2. Emma Aguila, 2012. "Male Labor Force Participation and Social Security in Mexico," Working Papers WR-910, RAND Corporation.
    3. 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.

    More about this item


    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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