IDEAS home Printed from https://ideas.repec.org/a/lrk/eeaart/22_2_9.html
   My bibliography  Save this article

Mitos y falacias populares en el debate acerca de los sistemas de pensiones/Myths and Fallacies in the Debate About the Future of Pension Systems

Author

Listed:
  • ESTEVE MORA, F.

    () (Departamento de Análisis Económico: Teoría Económica e Historia Económica. Universidad Autónoma de Madrid. Tfno:91 4974280.)

  • MUÑOZ DE BUSTILLO LLORENTE, R.

    () (Departamento de Economía Aplicada. Universidad de Salamanca.Tfno: 92 3294500 ext.3125)

Abstract

El presente trabajo tiene por objetivo estudiar los retos a los que se enfrentan los sistemas de pensiones de reparto, derivados del proceso de envejecimiento demográfico experimentado en los países de renta alta. Para ello en una primera parte se analiza la naturaleza del problema y sus implicaciones para los sistemas de reparto y capitalización. Con posterioridad se revisa la interpretación dominante del mismo. Por último, se examinan desde una óptima crítica los supuestos tradicionales que se utilizan para concluir la quiebra financiera de los sistemas de reparto como consecuencia del envejecimiento demográfico así como algunas de las propuestas de reforma basadas en esta interpretación, cuestionando su relevancia frente al problema de envejecimiento demográfico que pretenden combatir. This paper deals with the challenges faced by the pay as you go pension systems due to the aging process of the population experienced in high income countries. In order to do so, the first part of the paper studies the nature of the problem, and its implications for the different types of pension systems (PAYG and capitalization). Then, the mainstream interpretation of the problem is reviewed. Last, the paper offers a critical analysis of the basic assumptions underlying many of the proposals of reform of the dominant PAYG pension systems, questioning its relevance to overcome the problem of population aging, supposedly its main goal.

Suggested Citation

  • Esteve Mora, F. & Muñoz De Bustillo Llorente, R., 2004. "Mitos y falacias populares en el debate acerca de los sistemas de pensiones/Myths and Fallacies in the Debate About the Future of Pension Systems," Estudios de Economía Aplicada, Estudios de Economía Aplicada, vol. 22, pages 289-316, Agosto.
  • Handle: RePEc:lrk:eeaart:22_2_9
    as

    Download full text from publisher

    File URL: http://www.revista-eea.net
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Meerman, Jacob P, 1974. "The Definition of Income in Studies of Budget Incidence and Income Distribution," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 20(4), pages 515-522, December.
    2. de Kok, Jan & Uhlaner, Lorraine M, 2001. "Organization Context and Human Resource Management in the Small Firm," Small Business Economics, Springer, pages 273-291.
    3. Card, David & Krueger, Alan B, 1995. "Time-Series Minimum-Wage Studies: A Meta-analysis," American Economic Review, American Economic Association, pages 238-243.
    4. Kraus, Margit & Hölsch, Katja, 2002. "European schemes of social assistance: an empirical analysis of set-ups and distributive impacts," ZEW Discussion Papers 02-51, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
    5. Richard T. Carson & Nicholas E. Flores & Kerry M. Martin & Jennifer L. Wright, 1996. "Contingent Valuation and Revealed Preference Methodologies: Comparing the Estimates for Quasi-Public Goods," Land Economics, University of Wisconsin Press, vol. 72(1), pages 80-99.
    6. James M. Dean, 1980. "Benefit Incidence Methodology for Mixed Goods," Public Finance Review, , vol. 8(1), pages 69-96, January.
    7. Tim Jeppesen & John A. List & Henk Folmer, 2002. "Environmental Regulations and New Plant Location Decisions: Evidence from a Meta-Analysis," Journal of Regional Science, Wiley Blackwell, vol. 42(1), pages 19-49.
    8. Woodward, Richard T. & Wui, Yong-Suhk, 2001. "The economic value of wetland services: a meta-analysis," Ecological Economics, Elsevier, vol. 37(2), pages 257-270, May.
    9. Rachel Croson & Melanie Marks, 2000. "Step Returns in Threshold Public Goods: A Meta- and Experimental Analysis," Experimental Economics, Springer;Economic Science Association, vol. 2(3), pages 239-259, March.
    10. Wagstaff, Adam & van Doorslaer, Eddy & van der Burg, Hattem & Calonge, Samuel & Christiansen, Terkel & Citoni, Guido & Gerdtham, Ulf-G & Gerfin, Mike & Gross, Lorna & Hakinnen, Unto, 1999. "Equity in the finance of health care: some further international comparisons1," Journal of Health Economics, Elsevier, vol. 18(3), pages 263-290, June.
    11. Atkinson, Anthony B., 1970. "On the measurement of inequality," Journal of Economic Theory, Elsevier, vol. 2(3), pages 244-263, September.
    12. Raymond J.G.M. Florax & Henri L.F. de Groot & Ruud A. de Mooij, 2002. "Meta-analysis: A Tool for Upgrading Inputs of Macroeconomic Policy Models," Tinbergen Institute Discussion Papers 02-041/3, Tinbergen Institute.
    13. Espey, Molly & Thilmany, Dawn D., 2000. "Farm Labor Demand: A Meta-Regression Analysis Of Wage Elasticities," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 25(01), July.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Pensiones; productividad; bienestar; envejecimiento demográfico; Bienes públicos;

    JEL classification:

    • H40 - Public Economics - - Publicly Provided Goods - - - General
    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:lrk:eeaart:22_2_9. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Beatriz Rodríguez Prado). General contact details of provider: http://edirc.repec.org/data/fcvldes.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.