Análisis de factores económicos en la cobertura del régimen contributivo del sistema de pensiones en Colombia

Abstract

The study aims to investigate how unemployment, inflation, employment rate, and minimum wage in Colombia can affect people's decision to contribute to the pension system, relating the proposal to increase coverage to the "Cambio por la Vejez" reform proposal. Through VAR models and an analysis of economic variables, it was found that unemployment and employment rate significantly impact short and medium-term contributions to the system, while the minimum wage does not show a significant relationship. These findings give importance to effective unemployment control to increase pension system coverage.