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Financial Model for Universal Minimum Benefit for Spain

Author

Listed:
  • Pena Miguel Noemi

    (Department of Financial Economics I, University of the Basque Country, Bilbao, Vizcaya 48015, Spain)

  • De la Peña Esteban J. Inaki

    (Department of Financial Economics I, University of the Basque Country, Bilbao, Vizcaya 48015, Spain)

  • Fernandez-Sainz Ana

    (Department of Econometrics and Statistics, University of the Basque Country, Bilbao, Vizcaya 48015, Spain)

Abstract

The paper proposes a financial model suitable for ensuring the economic, financial and social sustainability of this basic protection. We have calculated the estimated cost for the Spanish population in 2010 and have estimated the cost for the following 12 years (three legislatures) under a range of demographic and economic assumptions. The results are then analysed to draw conclusions about the viability and sustainability of this basic social protection floor. A remarkable finding is that it is feasible to obtain greater coverage, but by requiring contributions of the State or other financial resources.

Suggested Citation

  • Pena Miguel Noemi & De la Peña Esteban J. Inaki & Fernandez-Sainz Ana, 2017. "Financial Model for Universal Minimum Benefit for Spain," Basic Income Studies, De Gruyter, vol. 12(1), pages 1-16, June.
    • Handle: RePEc:bpj:bistud:v:12:y:2017:i:1:p:16:n:1
    DOI: 10.1515/bis-2015-0024
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    References listed on IDEAS

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