Incentivos y patrones de retiro en Uruguay

Abstract

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 countries for which similar studies have been conducted, particularly so when the indicator is computed for individuals covered by the institutional act 9. The reform law passed in 1995 increased the incentives to work. However, we do not find the expected effects of the incentive indicators on retirement.Incentives to retirement, Social Security