A simple model of aggregate pension expenditure
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 of pension expenditure to changes in some key demographic and economic variables.
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- Angel de la Fuente and Rafael DomÃ©nech, 2015.
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542, Barcelona Graduate School of Economics.
- 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.
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