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...

Theoretical and empirical studies exploring the effects of income inequality upon growth reach a disappointing inconclusive result. This paper postulates that one reason for this ambiguity is that income inequality is actually a composite measure of at least two different sorts of inequality:...

This paper analyses the determinants of observed exits from employment for people aged 45-59 years old in the context of the Spanish labour market in 1981-2006. The main aim of the paper is to identify the effect of the business cycle (BC) on the timing and the type of exit route out of the...

The central and regional governments of Spain have recently reached an agreement to reform the regional financing system. This paper describes the structure of the new system and provides preliminary estimates of its initial financial results. It also identifies some shortcomings of the new model.

This paper presents a case study on reforming a very dysfunctional labor market with a deep insider-outsider divide, namely the Spanish case. We show how a dual market, with permanent and temporary employees makes real reform much harder, and leads to purely marginal changes that do not alter...

We take a different look at the PISA 2006 data set considering time input as the main ingredient for scholarly achievement. Across countries, absolute time spent studying is negatively related to scholarly achievement, while a larger fraction of total study time spent in the classroom is...

This paper deals with public investment in High Speed Rail (HSR) infrastructure and tries to understand the economic rationale for allocating public money to the construction of new HSR lines. The exam of data on costs and demand shows that the case for investing in HSR requires several...

In this paper we use the methodology developed in de la Fuente and Jimeno (2009) to construct estimates of the private returns to schooling in Spain by region and educational level and to explore the implications of such investment for public finances. Our calculations take into account the...

Public infrastructure investment is usually co-financed by supranational organizations. The selection of projects is supposed to be decided using the information provided by conventional cost-benefit analysis. Nevertheless, we show that the type of institutional design regarding the financing...

Cumplido ya un año desde su aprobación, la reforma laboral de 2010 no parece que vaya a conseguir uno de sus principales objetivos: reducir la alta tasa de temporalidad que caracteriza el mercado de trabajo español. Tampoco lo habían conseguido las cuatro reformas anteriores. En realidad,...