The Financial Health of the Spanish Public Pension System: Long-term Projections and Risk Factors

被引:0
|
作者
de la Fuente, Angel [1 ,2 ]
Garcia Diaz, Miguel Angel [1 ,3 ]
Sanchez, Alfonso R. [1 ,4 ]
机构
[1] FEDEA, Madrid, Spain
[2] CSIC, Inst Anal Econ, Madrid, Spain
[3] Univ Rey Juan Carlos, Madrid, Spain
[4] CUNEF, Madrid, Spain
关键词
Public pensions in Spain; sustainability;
D O I
10.7866/hpe-rpe.19.2.5
中图分类号
F [经济];
学科分类号
02 ;
摘要
In this paper we construct long-term projections of the revenues and expenditures of the Spanish public pension system under different macroeconomic scenarios and different policy options using a dynamic general equilibrium model. Our calculations suggest that there is margin for measures that will mitigate the adverse effects of the new pension actualization index. but not to return to general indexation to the CPI.
引用
收藏
页码:123 / 156
页数:34
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