labor market impacts of non-contributory pensions: the case of argentina's moratorium

Figure 1: Share of individuals aged 65 or more with pension income: 1992-2010 95% 90% 85% 80% 75% 70% 65% 60% 55% 50%

Total

Men

Women

The figure above displays the percentage of individuals aged 65and over who received any pension or retirement income, calculated by semester between May 1992 and October 2010. The graph is disaggregated by men and women. The discontinuity in 2003 corresponds to a change in the survey.

labor market impacts of non-contributory pensions: the case of argentina's moratorium

Published on Nov 12, 2012

IDB

About

argentina had traditionally enjoyed one of the highest elderly coverage rates in latin america. however, since the mid-1990s coverage rates started a steady decline, especially for low income workers. in response, the argentine government implemented a series of sweeping reforms in the mid-2000s. central to these reforms was a program known as the 'moratorium,' which allowed workers of retirement age to receive a pension regardless of whether they had completed the full 30 years of required social security contributions through formal employment. this paper studies the labor market effects of this reform. using argentina's continuous permanent household survey (ephc), we employ a difference-in-difference technique to compare elderly individuals just above and below the retirement age, before and after the pension reform.

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