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A Simple Model of Aggregate Pension Expenditure

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  • Angel de la Fuente

Abstract

This paper develops a simple model that can be used to analyze the long-term sustainability of the contributive pension system and the steady-state response of pension expenditure to changes in some key demographic and economic variables, in the characteristics of the average pensioner and in the parameters that describe how pensions are calculated in Spain as a function of workers' Social Security contribution histories.

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File URL: http://research.barcelonagse.eu/tmp/working_papers/553.pdf
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Bibliographic Info

Paper provided by Barcelona Graduate School of Economics in its series Working Papers with number 553.

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Date of creation: Apr 2011
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Handle: RePEc:bge:wpaper:553

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Keywords: pensions; sustainability; Spain;

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  1. repec:bbv:wpaper:1116 is not listed on IDEAS
  2. Angel De la Fuente & Rafael Domenech, 2011. "The impact of Spanish pension reform on expenditure: A quick estimate," Working Papers 1112, BBVA Bank, Economic Research Department.
  3. Juan F. Jimeno & Juan A. Rojas & Sergio Puente, 2006. "Modeling the impact of aging on social security expenditures," Banco de Espa�a Occasional Papers 0601, Banco de Espa�a.
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Cited by:
  1. Angel de la Fuente & Rafael Doménech, 2011. "The Impact of Spanish Pension Reform on Expenditure: a Quick Estimate," Working Papers 542, Barcelona Graduate School of Economics.

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