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Fitxers

E18-372_Sole+Souto+Patxot.pdf (1.67 MB)

Tipus de document

Document de treball

Data de publicació

2018

Llicència de publicació

cc-by-nc-nd, (c) Solé et al., 2018
Si us plau utilitzeu sempre aquest identificador per citar o enllaçar aquest document: https://hdl.handle.net/2445/120595

Sustainability and adequacy of the Spanish pension system after the 2013 reform: a microsimulation analysis [WP]

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Resum

Concerns about the consequences of demographic ageing on the sustainability of the pension system has led to the adoption of reforms reducing pension expenditure. However, the impact of these reforms on pension adequacy is now coming under increasing scrutiny. Taking recent Spanish reform as an example, this paper analyses the extent to which fostering pension sustainability threatens pension adequacy. Using an extension of the DyPeS behavioural microsimulation model, results show that the introduction of mechanisms linking retirement pensions to the evolution of the social security budget balance has strong and negative effects on adequacy. The gains in sustainability are mainly driven by the significant fall in the benefit ratio (average pension to average wage), worsening the relative economic position of pensioners throughout forthcoming decades, reversing the past trend.

Matèries

Finances públiques, Envelliment de la població, Pensions, Macroeconomia

Matèries (anglès)

Public finance, Population aging, Pensions, Macroeconomics

Citació

Col·leccions

UB Economics – Working Papers [ERE]
Documents de treball / Informes (Economia)

Citació

SOLÉ JUVÉS, Meritxell, SOUTO NIEVES, Guadalupe and PATXOT, Concepció. Sustainability and adequacy of the Spanish pension system after the 2013 reform: a microsimulation analysis [WP]. UB Economics – Working Papers. 2018. Vol.  E18/372. ISSN 1136-8365. [consulted: 18 of August of 2026]. Available at: https://hdl.handle.net/2445/120595

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