characteristics of the average pensioner and in the parameters that describe how pensions are calculated in Spain as a function of …This paper develops a simple model that can be used to analyze the long-term sustainability of the contributive pension …

age, reducing the replacement rate, or introducing a sustainability factor linking pension to life expectancy. The aim of … Spain but that could have a significant impact if it were fully implemented. This reform, called ‘silent reform’ because it … is imperceptible to citizens in its early stages, basically consists in increasing maximum pensions in line with …

developed countries have created government reserve funds to ensure macroeconomic sustainability. This paper aims to study the … importance that this reserve fund plays in the sustainability of the Spanish public pension system. Using data for the 2000 to …

decomposition of indicators is empirically relevant. Standard generational accounting suggests that fiscal sustainability in Spain … comparisons of the fiscal sustainability indicators obtained across time and countries truly meaningful. We also show that a … demographic effect and a debt effect may bias fiscal sustainability measures over time, and establish a routine to control for …

. However, public finances remain under the pressure of the demographic cycle. Therefore, to achieve fiscal sustainability, the … government budget, as social insurance in Spain is not actuarially fair. Finally, we also assess the impact of a decline in …

We estimate the impact of health and financial incentives on the retirement transitions of older workers in Spain …

decomposition of indicators is empirically relevant. Standard generational accounting suggests that fiscal sustainability in Spain … comparisons of the fiscal sustainability indicators obtained across time and countries truly meaningful. We also show that a … demographic effect and a debt effect may bias fiscal sustainability measures over time, and establish a routine to control for …