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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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)
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