DYPES: A Microsimulation model for the Spanish retirement pension system
AbstractThis paper presents the results of DyPeS, the first dynamic microsimulation model of the retirement pensions system applied to the Spanish case. The simulation of the reform approved in 2011 shows that only the delay in retirement age (from 65 to 67) would have a significant effect on pension expenditure, while other measures changing the computation of the initial pension for new retirees have a limited impact. Paradoxically, it is found that the consideration of more contribution years in the computation of the initial pension amount, despite fostering the Bismarckian nature of the system, has a positive impact on redistribution.
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Bibliographic InfoPaper provided by FEDEA in its series Working Papers with number 2013-06.
Date of creation: Sep 2013
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Web page: http://www.fedea.net
This paper has been announced in the following NEP Reports:
- NEP-AGE-2013-09-28 (Economics of Ageing)
- NEP-ALL-2013-09-28 (All new papers)
- NEP-CMP-2013-09-28 (Computational Economics)
- NEP-DEM-2013-09-28 (Demographic Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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"Micro Modeling of Retirement Decisions in Germany,"
MEA discussion paper series
02020, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
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- : Michele Boldrin & : Sergi Jiménez-Martín & : Franco Peracchi, .
"Micro-Modelling Of Retirement Behavior In Spain,"
14-02 Classification-JEL , Instituto de Estudios Fiscales.
- Jacob A. Mincer, 1974. "Introduction to "Schooling, Experience, and Earnings"," NBER Chapters, in: Schooling, Experience, and Earnings, pages 1-4 National Bureau of Economic Research, Inc.
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