The article presents the results obtained from a model of demographic and economic simulation which has calculated the expenses made on retirement pensions and income from Social Security contributions in relation to the estimated evolution of GDP until the year 2060. The model is based on...

In this paper we build a socio-economic simulation model, called Carrion, to project the public expenditure on the retirement pensions, the social security contributions and the GDP through 2060. The model makes use of detailed hypothesis backed with econometric estimations on the behavior of...

The returns to formal schooling in Spain are estimated in this paper. The main difference between this and previous papers on this subject is that, here, a distinction is made between the increase in the worker's potential maximum wage due to schooling and the actual registered increase. This...