Devesa-Carpio, Jose Enrique; Devesa-Carpio, Mar - In: Journal of Economic Policy Reform 13 (2010) 3, pp. 259-276
This work determines the actuarial cost of delivering a monetary unit of pension in the case of a pay-as-you-go system. The model is also applied to determining the imbalance and the unitary pension cost of the contributory pension system of the Spanish Social Security system. The study covers...