This paper examines, using the Generational Accounting method, the long run viability and the intergenerational income redistribution effects of the Spanish public pension system. Given the huge intertemporal debt accumulated by the current pension system, which is allocated entirely to generations not yet born, we explore the impact of alternative revenue policy reforms as a way to mitigate the strong demographic dependency of Social Security financing resources. Our findings indicate that, due to a rapid demographic ageing, these type of reform measures are not clearly enough to restore the intergenerational balance.
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Paper provided by Universitat de Barcelona. Espai de Recerca en Economia in its series Working Papers in Economics with number
64.
Length: 33 pages Date of creation: 2000 Date of revision: Handle: RePEc:bar:bedcje:200064
Contact details of provider: Postal: Espai de Recerca en Economia, Facultat de Ciències Econòmiques. Tinent Coronel Valenzuela, Num 1-11 08034 Barcelona. Spain. Web page: http://www.ere.ub.es More information through EDIRC
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Find related papers by JEL classification: H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
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