Coping with Spain's Aging : Retirement Rules and Incentives /

This paper evaluates the macroeconomic and welfare effects of extending the averaging period used to calculate pension benefits in a pay-as-you-go system. It also examines the complementarities between reforms extending the averaging period and those increasing the retirement age under alternative t...

Full description

Bibliographic Details
Main Author: Hoffmaister, Willy
Other Authors: Catalan, Mario, Guajardo, Jaime
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2007.
Series:IMF Working Papers; Working Paper ; No. 2007/122
Online Access:Full text available on IMF