Transitory Needs and Permanent Problems

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Transitory Needs and Permanent Problems

First week
October 2021

This week the government announced a plan for 55-year-old women and 60-year-old men to obtain their retirement if they are unemployed and meet a contribution requirement. The logic of the measure is that it is not easy for this group reintegrating into the labor market, much more after the shock of the pandemic. But this problem is not new, and the idea arises coincidentally after an electoral defeat and 45 days before the next election. The new norm (which comes out by decree) seems to be very related to a political necessity. This is one of many decisions made after the September 12 defeat that will undoubtedly impact the 2021 fiscal numbers.