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The Automatic Adjustment of Pension Expenditures in Spain : An Evaluation of the 2013 Pension Reform
Sanchez Martin, Alfonso R. - 2014
This paper simulates the future performance of the Spanish pension system using a large OLG model. We compare the system in place after the 2011 pension reform to that emerging after the latest (2013) institutional changes. In particular, we explore the workings of the new indexing mechanism,...
Persistent link: https://www.econbiz.de/10013050044
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From Bismarck to Beveridge : The Other Pension Reform in Spain
Ignacio Conde-Ruiz, J. - 2014
Aging is an unstoppable process and it remains a major challenge for the sustainability of the PAYG pension system in … most developed countries, including in Spain. Many countries need to introduce reforms of their pension systems in order to … parameters that are perceived as secondary, e.g. the different path of minimum and maximum pensions, and the upper and lower caps …
Persistent link: https://www.econbiz.de/10013050491
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The Effects of Pension-Related Policies on Household Spending
Párraga Rodríguez, Susana - 2019
1990s in Spain and constructs a new narrative series of legislated pension changes. I present a variety of estimates, some …
Persistent link: https://www.econbiz.de/10012869512
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The Aggregate Effects of Government Income Transfer Shocks - EU Evidence
Párraga Rodríguez, Susana - 2016
. Increases in old-age pensions are found to have a positive impact on aggregate expenditure components and employment consistent …
Persistent link: https://www.econbiz.de/10012977482
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The Dynamic Effect of Public Expenditure Shocks in the United States
Párraga Rodríguez, Susana - 2016
This paper estimates the dynamic aggregate effect of exogenous shocks to two key components of public expenditure in the United States: government income transfers and government spending. The identification strategy positions the structural shocks to public expenditures in an SVAR framework...
Persistent link: https://www.econbiz.de/10012977701
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Social Security Reform with Imperfect Substitution between Less and More Experienced Workers
Rojas, Juan A. - 2009
In this paper we study the quantitative properties of a policy reform aimed at funding the pension system in the standard model economy with perfect substitution across workers with different experience levels and a model economy where this substitutability is imperfect. With compulsory...
Persistent link: https://www.econbiz.de/10012719587
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Understanding the Spanish Business Innovation Gap : The Role of Spillovers and Firms’ Absorptive Capacity
Montero, Jose Manuel - 2011
This paper investigates whether the existence of knowledge spillovers, differences in the capacity of firms to assimilate them and disparities in some human resource management practices are related with the decision to innovate of Spanish firms. In order to do this, we employ data from the...
Persistent link: https://www.econbiz.de/10013133368
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Nowcasting Spanish GDP Growth in Real Time : 'One and a Half Months Earlier'
de Antonio Liedo, David - 2010
The sharp decline in economic activity registered in Spain over 2008 and 2009 has no precedents in recent history …
Persistent link: https://www.econbiz.de/10013135034
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Firm Behavior, Market Deregulation and Productivity in Spain
Alonso-Borrego, Cesar - 2010
The aim of this paper is to analyze the evolution of productivity and how firm behavior and institutional conditions affects productivity. For that purpose, we use a longitudinal sample of Spanish manufacturing and services companies between 1983 and 2006, as well as OECD indicators on product...
Persistent link: https://www.econbiz.de/10013135684
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Mitigating the Pro-Cyclicality of Basel II
Repullo, Rafael - 2010
Policy discussions on the recent financial crisis feature widespread calls to address the pro-cyclical effects of regulation. The main concern is that the new risk-sensitive bank capital regulation (Basel II) may amplify business cycle fluctuations. This paper compares the leading alternative...
Persistent link: https://www.econbiz.de/10013136687