We try to build a quantitative-theoretical framework to understand the impact of immigration on the Spanish pension system, both during the last ten years and, more importantly, during the future fifty years. In other words, we look at the recent past in a tentative to predict the future....

We are interested in the following question: what are the intergenerational effects of a large and unexpected immigration flow? How does it affect the welfare of the different generations living in the country that receives the immigration flow and, in particular, how does it impact on...

The purpose of this article is to analyze the growth of the Spanish economy since the advent of democracy until today. In the first part, the specificities of the growth model are analysed, showing that the empirical evidence is not consistent with the conclusions of the standard growth models...

The objective of this paper is to understand the impact of immigration on the Spanish pension system during the next fifty years by building aquantitative-theoretical framework. In order to carry out the exercise of projection of revenues and expenditures in the Spanish pension system, we have...

In this paper we analyze the relationship between the employment of the young, exit of older people and retirement incentives using data from both the Spanish labor force survey and the Muestra Contínua de Vidas Laborales. Against a priori expectations, we do find some (weak) evidence of...