Dean, Andrés; Fleitas, Sebastian; Zerpa, Mariana - 2020
-calculation window, combined with the discrete change in the probability of retirement at the minimum retirement age. We find that … retirement age, reaching a 3% increase on average. This is not the case for employees of large firms, where earnings … cost of these responses between 1.9% and 2.6% of the total cost of pensions for this group. …