DYPES: A Microsimulation model for the Spanish retirement pension system

F. J. Fernández-Díaz, Concepció Patxot and G. Souto

No 2013-06, Working Papers from FEDEA

Abstract: This paper presents the results of DyPeS, the first dynamic microsimulation model of the retirement pensions system applied to the Spanish case. The simulation of the reform approved in 2011 shows that only the delay in retirement age (from 65 to 67) would have a significant effect on pension expenditure, while other measures changing the computation of the initial pension for new retirees have a limited impact. Paradoxically, it is found that the consideration of more contribution years in the computation of the initial pension amount, despite fostering the Bismarckian nature of the system, has a positive impact on redistribution.

Date: 2013-09
New Economics Papers: this item is included in nep-age, nep-cmp and nep-dem
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Citations: View citations in EconPapers (5)

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