Conde-Ruiz, José Ignacio; González, Clara I. - In: SERIEs : Journal of the Spanish Economic Association 7 (2016) 4, pp. 461-490
Ageing is the major challenge for the PAYG pension systems in developed countries. Most of them are undergoing reforms in order to adapt to the new demographic reality. The package of reforms implemented includes increasing the retirement age, reducing the replacement rate, or introducing a...
