This study analyzes the effect that the availability of resources and remittances have on household healthcare expenditure, as well as its intra-household allocation, a topic that has barely been explored in the case of Mexico. Using a Tobit model and GLS, we find that health is a luxury good,...

English Abstract: In 2017 the Banco de España published an Occasional Paper (DO 1701) describing the institutional framework of the pension system, setting out the main medium-term challenges and analysing some reform alternatives. In this paper the Governor updates the foregoing analysis for...

Spanish Abstract: Este artículo argumenta que, en países emergentes, como Colombia, la combinación de la transición demográfica con una alta informalidad del mercado laboral hace inviable la existencia de un régimen de pensiones de reparto. En teoría, un país como Colombia tiene aún una...

The main idea upon which this paper is based is that outlined by Samuelson (1958) -that a pensions system, financed by way of transfers between generations, will only be viable in the long term if the internal rate of return of the system does not exceed the growth rate of salaries plus the...

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...

Using a model with endogenous growth and overlapping generations as its base, this paper analyzes the relationship between the ageing of the population and the rate of economic growth in an open economy. The results suggest that population ageing can decrease the economic growth rate in the long...

La baja participación de los hogares más vulnerables en los servicios públicos sigue siendo uno de los grandes desafíos para el diseño e implementación de políticas. Existe una vasta literatura documentando los beneficios de la educación inicial para cerrar inequidades y brechas en el...

Despite the efforts made to reduce neonatal mortality in the Plurinational State of Bolivia, and the implementation of the Universal Maternal and Child Health Insurance (SUMI), the data reveal that progress has been slower than achieved in terms of reducing infant mortality in general. In this...