Utilize este identificador para referenciar este registo: http://hdl.handle.net/10400.21/1418
Título: The US actuarial balance model for the pay-as-you-go system and its application to Spain
Autor: García-García, Manuel
Nave-Pineda, Juan M.
Vidal-Meliá, Carlos
Palavras-chave: Actuarial balance
Spain
US
Pension reform
Transparency
Data: Jul-2011
Resumo: The aim of this paper is to formulate an approximation of the US actuarial balance model and apply it to the Spanish public retirement pension system under various scenarios in order to determine a consistent indicator of the system's financial state comparable to those used by the most advanced social security systems. This will enable us to answer the question as to whether there is any justification for reforming the pension system in Spain. This type of actuarial balance uses projections to show future challenges to the financial side of the pension system deriving basically from ageing, the projected increase in longevity and fluctuations in economic activity. If one is compiled periodically it can provide various indicators to help depoliticize the management of the pay-as-you-go system by bringing the planning horizons of politicians and the system itself closer together.
Peer review: yes
URI: http://hdl.handle.net/10400.21/1418
Aparece nas colecções:ISCAL - Comunicações

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