The estimations in this paper show that there is a high risk that a very significant share of the workers registered in the work history of the main social security institution of Uruguay (the BPS) will not be able to comply with the condition of contributing 35 years to access the pension when...

The demographic shift underway in Southern Europe requires a revision of some of the fundamental principles of the traditional welfare state. We analyze the evolution of several aspects of welfare and social expenditure over the last two decades. We find that in the context of the present...

The demographic shift underway in Southern Europe requires a revision of some of the fundamental principles of the traditional welfare state. We analyze the evolution of several aspects of welfare and social expenditure over the last two decades. We find that in the context of the present...

The aim of this work is twofold: on the one hand, to demonstrate the utility of the actuarial balance as an element of transparency, an indicator of the solvency, sustainability and financial solidity of the pay-as-you-go system and a tool capable of providing positive incentives to improve the...

Unlike many OECD and Latin American countries, in Uruguay activity rates among male workers have been growing in recent decades. According to several studies, social security egulations have played a significant role in inducing earlier retirement in several OECD countries. We analyze the...

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...