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Funded system and uncertainty

Begoña Eguía and Felipe Serrano

Journal of Post Keynesian Economics, 2003, vol. 26, issue 2, 191-204

Abstract: The first part of this paper deals with certain theoretical considerations that are relevant to the current debate in Spain on pension system reform. These reflections revolve around the problem of uncertainty. The second part of the paper concentrates on the Spanish case and attempts to examine the empirical validity of these considerations. In doing so, the paper highlights the limits a funded system faces in guaranteeing sufficient retirement incomes.

Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:mes:postke:v:26:y:2003:i:2:p:191-204

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DOI: 10.1080/01603477.2003.11051399

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