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In Uruguay, the pension programs cover over 90% of the elderly. Men are more likely to be eligible for the contributory …
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The activity rate of mature men has increased in Uruguay in recent decades. This trend is remarkably different from … implicit in the main social security program of Uruguay. We find that mature men tend to experience significant social security … wealth losses if they postpone retirement. These losses tend to represent a greater share of workers wages in Uruguay than in …
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A basic function of public pension systems is to guarantee a satisfactory old-age income for short-sighted low earners. In proportional (i.e., earnings-related) systems, this requires a sufficiently high contribution rate. At the same time, there should be a cap on the pension contribution base...
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At the design of public pension systems, the designers frequently neglect that higher earners statistically live longer, and possibly also retire later. Since the first difference has recently been rising steeply, this negligence is less and less tolerable, especially with nonfinancial defined...
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This paper analyzes the effect of public pension system on lifespan and happiness level using optimal longevity model. This paper found the following. Public pension system can make life expectancy longer, however, the extension of lifespan caused by the public pension, not by own decision,...
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