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From bismarck to beveridge: the other pension reform in Spain

Conde-Ruiz, J. Ignacio; González, Clara I. - Banco de España - 2014

most developed countries, including in Spain. Many countries need to introduce reforms of their pension systems in order to … cannot be readily perceived by the population. That is why some economists in Spain refer to it as the “Silent Reform”. The … aim of this paper is to analyse the consequences this type of reform would have in Spain; indeed, it is the first paper to …

Persistent link: https://www.econbiz.de/10010862282

The automatic adjustment of pension expenditures in Spain:an evaluation of the 2013 pension reform

Sánchez, Alfonso R. - Banco de España - 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/10010812052

Social Security reform with imperfect substitution between less and more experienced workers

Rojas, Juan A. - Banco de España - 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/10005590724