Winners and losers in the first generations after structural social security reform: the Uruguayan case

Authors

  • Álvaro Forteza Universidad de la República, Montevideo, Uruguay
  • Ianina Rossi Universidad de la República, Montevideo, Uruguay

DOI:

https://doi.org/10.21678/apuntes.82.865

Keywords:

Retirement; individual retirement accounts; social security; old age pensions; working class; Asociación Nacional de AFAP de Uruguay; Uruguay.

Abstract

In the 1990s, several Latin American countries privatized their social security schemes to a greater or lesser extent. The main reason for these reforms was the dearth of public PAYG systems. As yet, here is no consensus on how these reforms stand to affect pensions. We focus on the Uruguayan case, where the first generations of the new regime are due to retire soon. Some workers will receive lower pensions than those with similar income and labor histories but who retired under the «transitional» regime. Meanwhile, others will receive higher pensions. We present simulations to help understand the specifics of the problem and identify potential winners and losers.

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Published

2018-05-18

Issue

Vol. 45 No. 82 (2018): Apuntes 82

Section

Articles

License

Apuntes publishes all its articles and reviews under a Creative Commons Attribution (CC BY 4.0) license with the objective of promoting academic exchange worldwide. Therefore, articles and book reviews can be distributed, edited, amended, etc., as the author sees fit. The only condition is that the name of the author(s) and Apuntes. Revista de Ciencias Sociales (as the publisher) be cited.

How to Cite

Forteza, Álvaro, & Rossi, I. (2018). Winners and losers in the first generations after structural social security reform: the Uruguayan case. Apuntes. Social Sciences Journal, 45(82), 99-119. https://doi.org/10.21678/apuntes.82.865