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La sostenibilidad del sistema español de pensiones: Una aproximación alternativa/Sustainability of the Spanish Pension System: An Alternative View

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  • BERMEJO PATÓN, FERNANDO

    (Universidad de Castilla-La Mancha, Facultad de CC.SS., Avda. de los Alfares, 44, 16071 Cuenca, España.)

  • FEBRERO PAÑOS, ELADIO

    (Universidad de Castilla-La Mancha, Facultad de CC.SS., Avda. de los Alfares, 44, 16071 Cuenca, España.)

  • UXÓ GONZÁLEZ, JORGE

    (Universidad de Castilla-La Mancha, Facultad de CC.SS., Avda. Real Fábrica de Sedas, s/n, 45600 Talavera de la Reina (Toledo), España.)

Abstract

El posible aumento del gasto en pensiones se percibe cada vez más como un obstáculo que limita el crecimiento económico. En la primera parte del artículo, tras describir las claves de la sostenibilidad del sistema de pensiones ante los retos impuestos por el envejecimiento de la población, analizamos si los fondos privados ofrecen realmente una solución más adecuada que los modelos de reparto al problema demográfico. Posteriormente, como principal objetivo de la presente investigación, nuestro análisis se centra en los efectos positivos que el gasto dedicado a las pensiones produce sobre los sistemas económicos. Los resultados del estudio muestran los valores de empleo y renta que se genera en la producción asociada al consumo de los pensionistas. The likely raise in the expenditure on pensions is increasingly perceived as an obstacle to economic growth. In the first part of this paper, after describing the keys to the sustainability of pension systems in the face of the challenges posed by population aging, we analyse whether private funding systems actually offer a more appropriate solution to the demographic issue than pay-as-you-go systems. Subsequently, as the main objective of this paper, our analysis focuses on the positive consequences of pension expenditure on the economy. The results of our investigation show the employment and income obtained from the production associated to the pensioners consumption

Suggested Citation

  • Bermejo Patón, Fernando & Febrero Paños, Eladio & Uxó González, Jorge, 2015. "La sostenibilidad del sistema español de pensiones: Una aproximación alternativa/Sustainability of the Spanish Pension System: An Alternative View," Estudios de Economia Aplicada, Estudios de Economia Aplicada, vol. 33, pages 783-800, Septiembr.
  • Handle: RePEc:lrk:eeaart:33_3_7
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    References listed on IDEAS

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    More about this item

    Keywords

    Sistemas de pensiones; gasto en pensiones; consumo; empleo ; Pension Systems; Pension Spending; Consumption; Employment.;
    All these keywords.

    JEL classification:

    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity

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