Regulation plays a key part in public service reforms. However, corruption and the risk of capture may undermine the purposes of these reforms. Both cost and incentive based regulations carry corruption and capture risks. This document shows that capture is a minor problem compared with market...

Resumen: En Colombia, los estudiantes pertenecientes a una etnia presentan un rendimiento inferior alde sus pares no étnicos en pruebas académicas estandarizadas, en las áreas de matemáticas y lenguaje. Dicha brecha es persistente a nivel departamental, especialmente entre los...

This article explores the possibility of transition from lifetime benefits to temporary payments, specifying the debate in the Spanish Social Security. The theoretical approach is presented and, according to the Continuous Sample of Working Lives, the application of actuarial equivalence and a...

The western pension systems and especially the Spanish one will noticeably be a®ected by an aging of the population that is currently underway. This work proposes a pension model for Spain which would mean deep structural reforms that would guarantee meeting the objectives established by a...

This article explores the possibility of transition from lifetime benefits to temporary payments, specifying the debate in the Spanish Social Security. The theoretical approach is presented and, according to the Continuous Sample of Working Lives, the application of actuarial equivalence and a...

We estimate indicators of incentives to retire in a sample of individuals affiliated to the main Uruguayan social security program and we assess their impact on retirement and pension claims observed between 1996 and 2004. The implicit tax on work in this population is high compared to other...

We analyze recent trends of the activity rates and retirement of Uruguayan old age workers. We find that in Uruguay, unlike in several developed countries and most Latin American countries, the activity rates of old-age men are not falling. On the contrary, in recent decades the activity rate of...

Using a model with endogenous growth and overlapping generations as its base, this paper analyzes the relationship between the ageing of the population and the rate of economic growth in an open economy. The results suggest that population ageing can decrease the economic growth rate in the long...