Bonin, Holger; Gil, Joan; Patxot, Concepció - In: Spanish Economic Review 3 (2001) 2, pp. 111-130
The paper examines the intergenerational impact of the Spanish public pension system after the 1997 Pension Reform Act. Within a Generational Accounting framework, we find that the new legal setting could leave future generations with liabilities as high as 176% of 1996 GDP. Hence, we analyse...
