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Ageing Population and Spanish Pension System Reforms: Effects on Average Pensions and Inequality Among Pensioners

Author

Listed:
  • Pablo de Pedraza

    (Universidad de Salamanca.)

  • Rafael Muñoz de Bustillo

    (Universidad de Salamanca.)

  • Luis Alberto Rivas

    (Universidad de Salamanca)

Abstract

An ageing population is prompting the reform of pension systems. The Spanish pension system has undergone two consecutive reforms and a third one is currently being taking into consideration. All three involve the lengthening of the period used to calculate the size of pensions. This paper offers an estimate of the impact of each system on average pensions and inequality among pensioners. The paper also explores the applicability of the conclusions to the generation of workers now in the middle of their working life, that is considering the characteristics of new working lives.

Suggested Citation

  • Pablo de Pedraza & Rafael Muñoz de Bustillo & Luis Alberto Rivas, 2009. "Ageing Population and Spanish Pension System Reforms: Effects on Average Pensions and Inequality Among Pensioners," Economic Analysis Working Papers (2002-2010). Atlantic Review of Economics (2011-2016), Colexio de Economistas de A Coruña, Spain and Fundación Una Galicia Moderna, vol. 8, pages 1-28, September.
    • Handle: RePEc:eac:articl:07/08
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    References listed on IDEAS

    as
    1. Muñoz de Bustillo, Rafael & Antón, José-Ignacio, 2007. "Low wage work in high employment growth economy, Spain 1994-2004," MPRA Paper 13847, University Library of Munich, Germany.
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    Cited by:

    1. Medeiros, Marcelo & Souza, Pedro H.G.F., 2013. "The State and income inequality in Brazil," Institute for Research on Labor and Employment, Working Paper Series qt584222f0, Institute of Industrial Relations, UC Berkeley.

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