Parametric Pension Reform and the Intensive Margin of Labor Supply: Evidence from Colombia


  • Documentos de trabajo


  • We analyze the effect of a parametric reform of the fully-funded pension regime in Colombia on the intensive margin of the labor supply. We take advantage of a threshold defined by law in order to identify the causal effect using a regression discontinuity design. We find that a pension system that increases retirement age and the minimum weeks during which workers must contribute to claim pension benefits causes an increase of around 2 hours on the number of weekly worked hours; this corresponds to 4% of the average number of weekly worked hours or around 14% of a standard deviation of weekly worked hours. The effect is robust to different specifications, polynomial orders and sample sizes.

fecha de publicación

  • 2015-01

Líneas de investigación

  • Colombia
  • Labor Supply
  • Pension System Reform
  • Regression Discontinuity


  • 12476