文章基本信息

标题：The reform of the Spanish public pension system: The sustainability factor
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作者：Mercedes Alda ; Isabel Marco ; Adrián Marzo 等
期刊名称：Revista Finanzas y Política Económica
印刷版ISSN：2248-6046
电子版ISSN：2011-7663
出版年度：2018
卷号：10
期号：1
页码：23-63
DOI：10.14718/revfinanzpolitecon.2018.10.1.2
摘要：This paper analyzes the future impact of the implementation of the sustainability factor, introduced in the last reform of the Spanish public pension system. This factor aims to regulate the initial pension according to the evolution of life expectancy. Additionally, it examines what could have happened in case of an earlier implementation of the factor. The results show that the factor produces a progressive pension reduction if life expectancy continues to increase, and pension spending is adjusted to demographic evolution. Specifically, the initial pension could be reduced up to 23% in 2051 if the demographic trend does not change.
其他摘要：This paper analyzes the future impact of the implementation of the sustainability factor, introduced in the last reform of the Spanish public pension system. This factor aims to regulate the initial pension according to the evolution of life expectancy. Additionally, it examines what could have happened in case of an earlier implementation of the factor. The results show that the factor produces a progressive pension reduction if life expectancy continues to increase, and pension spending is adjusted to demographic evo- lution. Specifically, the initial pension could be reduced up to 23% in 2051 if the demographic trend does not change.
关键词：intergenerational equality factor; sustainability factor; public pensions; reforms.
其他关键词：intergenerational equality factor;sustainability factor;public pensions;reforms