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We analyze recent trends of the activity rates and retirement of Uruguayan old age workers. We find that in Uruguay … the 1996 social security reform. The minimum retirement age seems to be playing a key role in the retirement of Uruguayan … workers. We find peaks of retirement at the minimum retirement age and a gradual increase of the retirement age of women which …
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In the present article we develop a discrete-time methodology to compare frontend load and balance fees in the accumulation phase of a defined-contribution pension fund under the system of individual accounts. Additionally, using various methods, we study the effect of considering risk and...
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