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Intergenerational inequality and old-age poverty are salient issues in contemporary China. China's aging population threatens the fiscal sustainability of its pension system, a key vehicle for intergenerational redistribution. We analyze the positive and normative effects of alternative pension...
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This paper provides the first estimates of intergenerational income mobility in Spain based on rich administrative data … linking millions of parents and children through tax returns. Four main results arise. First, Spain is located somewhere in … or Italy. Second, geographical variation in mobility rates is high in Spain but smaller than in other compared countries …
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The paper investigates the intergenerational impact of the Spanish public pension system after the 1997 Pension Reform Act. Using a Generational Accounting framework we find that maintaining the new legal setting could leave future generations with liabilities as high as 176 percent of base year...
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