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...

This paper summarizes the main findings in a series of coordinated studies conducted to assess the impact of social security programs on the distribution of lifetime labor income in Argentina, Brazil, Chile, Mexico and Uruguay. The country-case studies find varying degrees of redistribution,...

We assess redistribution in the Uruguayan main pension and unemployment insurance programs on a lifetime basis. Using administrative records from social security, we simulate lifetime declared labor income and flows of contributions and benefits of affiliates to the programs. Expected present...

We present a simple model of a benevolent government that provides insurance to risk averse individuals. As in macroeconomics, commitment to fully contingent rules is better than discretion, but when the government can only commit to simple rules, discretion may be the best available option. The...

In this paper we estimate a structural model for retirement behavior using data on labor history of public employees in Uruguay. We use a modied version of the model proposed by Jimenez-Martin and Sánchez-Martin (2007) adjusted to the uruguayan case. The estimated coeffcient of relative risk...

It is usually accepted that a pure NDC scheme is not adequate to protect individuals against the risk of poverty in old age, because it does not incorporate any redistribution of the system`s revenue. However, we show that insufficient coverage and weak social protection can be more seriuos...

We present a new database of social security indicators for eleven Latin American countries designed to show how much they promise to pay in return to contributions. The indicators are based on micro-simulations according to existing norms. Our results indicate that most programs are...

We present a new database of social security indicators for eleven Latin American countries designed to assess pension schemes in terms of the payments they promise in return to contributions. Based on this data, we analyze inequality, insurance and incentives to work. Our results indicate that...

I analyze political agency models with potentially two equilibria, one in which elections are e¤ective selection mechanisms and only "good" individuals participate in politics and another one in which elections are not e¤ective and "bad" individuals participate in politics. These equilibria...

The goal of this paper is to present the simulation model used in a research on the macroeconomic effects of the law 16.713 that reforms the Uruguayan social security system. It is a version of the overlapping generation models that have been extensively used for the analysis of fiscal and...