Reform Of The Public Pension System In Spain

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Reform Of The Public Pension System In Spain

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Author : José A. Herce
language : en
Publisher: "la Caixa"
Release Date : 1995

Reform Of The Public Pension System In Spain written by José A. Herce and has been published by "la Caixa" this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Pensions categories.

Endogenous Retirement And Public Pension System Reform In Spain

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Author :
language : en
Publisher:
Release Date : 2001

Endogenous Retirement And Public Pension System Reform In Spain written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with categories.

The Challenge Of Public Pension Reform In Advanced And Emerging Economies

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Author : Mr.Benedict J. Clements
language : en
Publisher: International Monetary Fund
Release Date : 2013-01-25

The Challenge Of Public Pension Reform In Advanced And Emerging Economies written by Mr.Benedict J. Clements and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-01-25 with Business & Economics categories.

Pension reform is high on the policy agenda of many advanced and emerging market economies. In advanced economies the challenge is generally to contain future increases in public pension spending as the population ages. In emerging market economies, the challenges are often different. Where pension coverage is extensive, the issues are similar to those in advanced economies. Where pension coverage is low, the key challenge will be to expand coverage in a fiscally sustainable manner. This volume examines the outlook for public pension spending over the coming decades and the options for reform in 52 advanced and emerging market economies.

An Assessment Of The 2011 Spanish Pension Reform Using The Swedish System As A Benchmark

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Author : Carlos Vidal-Meliá
language : en
Publisher:
Release Date : 2015

An Assessment Of The 2011 Spanish Pension Reform Using The Swedish System As A Benchmark written by Carlos Vidal-Meliá and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with categories.

The aim of this paper is to make an assessment of the 2011 reform of the public pension system in Spain using the Swedish pension system as a benchmark, although some reference to the US pension system is also made. The paper focuses on the reform, explaining its aims, breaking down the main contents, critically examining the official view and describing the expected ageing of the Spanish population. This approach complements the quantitative analyses performed by other researchers and will enable us to assess the reformed system with the focus on four main areas: actuarial fairness, actuarial transparency, solvency and communication with the public. The main conclusion is that the reform was a wasted opportunity given that Spain did not take advantage of the lessons learned in Sweden, it did not include any elements for improving the management of pay-as-you-go systems, and there is no sound basis for claiming that the system's sustainability is assured in the medium term, the long term or even the short term. The new parametric reforms currently under consideration in Spain are targeted to correct some of the pension system's design faults that have been highlighted in this paper.

The Politics Of Pension Reform In A Comparative Perspective A Cross Regional Analysis Of Argentina Uruguay Spain And Italy

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Author : Leandro Nicolas Carrera
language : en
Publisher:
Release Date :

The Politics Of Pension Reform In A Comparative Perspective A Cross Regional Analysis Of Argentina Uruguay Spain And Italy written by Leandro Nicolas Carrera and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on with categories.

What factors explain pension reform decisions in countries with generous public pension systems and an ageing population? To answer this question I analyze four countries with some similar characteristics: (1) a well expanded and fragmented public pension system that follows the traditional Bismarckian structure of different funds for specific occupational categories; (2) a public pension system with high degrees of coverage and based on the pay-as-you-go (PAYG) principle in which current workers pay for current retirees; (3) increasing public pension spending levels that towards the 1990s made the public pension system unsustainable. The four selected countries differ along one significant dimension. Two of them are newly industrialized countries and in Latin America: Argentina and Uruguay. The other two countries are industrialized economies of the European Union: Italy and Spain. I hypothesize that while international and domestic factors matter in explaining pension reform, the former will play an indirect role by stressing the need to make the pension system more sustainable to put public finances in order. Thus, I contend that domestic economic and political factors will determine the reform outcome. I find support for my theory in the analysis of the four countries. International and supranational organizations played a role in supporting policymakers' reform efforts and highlighting the necessity to reduce pension liabilities in the long run to put public finances in order. However, these organizations did not determine the reform outcome. Instead, I find that domestic economic and political factors explain the final reform decision. On the economic side, the maturity of the pension system - represented by the magnitude of pension promises to future retirees - and the state of public finances, determined policymakers' first choice for reform; which ranged from proposals to change the parameters of the public pillar to that pillar's structural reform together with the introduction of a private pillar of individual accounts. Once this choice was made, the reform was negotiated with those with a special interest in the pension system: pensioners and labor. Thus, these actors' organizational strength and preferences explains the type of specific pension reform finally adopted in each country.

Economic Challenges Of Pension Systems

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Author : Marta Peris-Ortiz
language : en
Publisher: Springer Nature
Release Date : 2020-03-20

Economic Challenges Of Pension Systems written by Marta Peris-Ortiz and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-03-20 with Business & Economics categories.

This book examines the major economic challenges associated with the sustainability of public pensions, specifically demographic change, labor-market relations, and risk sharing. The issue of public pensions occupies the political and economic agendas of many major governments in the world. International organizations such as the World Bank and the OECD warn that the economic changes driven by an aging society negatively affects the sustainability of pension systems. This book analyzes different global public pension systems to offer policies, methods and tools for sustainable public pensions. Real case studies from France, Sweden, Latin America, Algeria, USA and Mexico are featured.

Social Security Reform In Spain

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Author : Pedro Sainz de Baranda
language : en
Publisher:
Release Date : 2001

Social Security Reform In Spain written by Pedro Sainz de Baranda and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with categories.

The Challenge Of Public Pension Reform In Advanced And Emerging Economies

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Author : Mr.Benedict J. Clements
language : en
Publisher: International Monetary Fund
Release Date : 2013-01-25

The Challenge Of Public Pension Reform In Advanced And Emerging Economies written by Mr.Benedict J. Clements and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-01-25 with Business & Economics categories.

Pension reform is high on the policy agenda of many advanced and emerging market economies. In advanced economies the challenge is generally to contain future increases in public pension spending as the population ages. In emerging market economies, the challenges are often different. Where pension coverage is extensive, the issues are similar to those in advanced economies. Where pension coverage is low, the key challenge will be to expand coverage in a fiscally sustainable manner. This volume examines the outlook for public pension spending over the coming decades and the options for reform in 52 advanced and emerging market economies.

The Challenge Of Public Pension Reform In Advanced And Emerging Economies

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Author : International Monetary Fund. Fiscal Affairs Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2011-12-28

The Challenge Of Public Pension Reform In Advanced And Emerging Economies written by International Monetary Fund. Fiscal Affairs Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-12-28 with Business & Economics categories.

This paper reviews past trends in public pension spending and provides projections for 27 advanced and 25 emerging economies over 2011–2050. In constructing these projections, the paper incorporates the impact of recent pension reforms and highlights the key assumptions underlying these projections and associated risks. The paper also presents reform options to address future pension spending pressures in the advanced and emerging economies. These reforms—mainly increasing retirement ages, reducing replacement rates, or increasing payroll taxes—are discussed in the context of their role in fiscal consolidation, and their implications for both equity and economic growth. In addition, the paper examines the challenge of emerging economies of expanding coverage in a fiscally sustainable manner

The Spanish Social Security

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Author : Mr.Joaquim Vieira Ferreira Levy
language : en
Publisher: International Monetary Fund
Release Date : 1995-07

The Spanish Social Security written by Mr.Joaquim Vieira Ferreira Levy and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995-07 with Business & Economics categories.

The social security system in Spain has steadily expanded since the late 1970s. Currently, social security expenditure exceeds 15 percent of GDP, being a factor of fiscal imbalance. This paper reviews achievements and the current situation of the social security system, discusses changes in the financing of health-care expenditure in view of the need for fiscal consolidation by the general government, and analyzes the scope for a partial prefunding of future liabilities of the pension system.