The Spanish pension system: an update in the wake of the pandemic Banco de España contribution to the Committee on the Monitoring and Assessment of the Toledo Pact Agreements. 2 september 2020

Pablo Hernández de Cos

No 2106, Occasional Papers from Banco de España

Abstract: In 2017 the Banco de España published an Occasional Paper (DO 1701) describing the institutional framework of the pension system, setting out the main medium-term challenges and analysing some reform alternatives. In this paper the Governor updates the foregoing analysis for the Committee on the Monitoring and Assessment of the Toledo Pact Agreements on the basis of the latest figures and regulatory developments. He considers alternatives for reforming the pension system based on their impact on its financial sustainability and overall public finances; on employment, productivity and the economy’s potential growth; and on the system’s sufficiency and inter- and intra-generational equity.

Keywords: pension system; reform proposals; Toledo Pact; Social Security balance; population ageing; contributory pensions; social contributions; sustainability factor; public finances; pay-as-you-go public contributory system; pension schemes; real-estate saving; gender gap; pandemic (search for similar items in EconPapers)
JEL-codes: D14 H55 H61 J11 J71 (search for similar items in EconPapers)
Pages: 40 pages
Date: 2021-02
New Economics Papers: this item is included in nep-age
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.bde.es/f/webbde/SES/Secciones/Publicac ... 21/Files/do2106e.pdf First version, February 2021 (application/pdf)
https://www.bde.es/f/webbde/SES/Secciones/Publicac ... s/21/Fich/do2106.pdf Spanish version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bde:opaper:2106e

Access Statistics for this paper

More papers in Occasional Papers from Banco de España Contact information at EDIRC.
Bibliographic data for series maintained by Ángel Rodríguez. Electronic Dissemination of Information Unit. Research Department. Banco de España ().