Spain : Selected Issues.

This Selected Issues paper analyzes the challenges for the Spanish pension system. Spain's population, like those in many other advanced economies, is projected to age over the coming decades. Although projections are uncertain, the simple fact is that Spain's aging and shrinking populatio...

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Detalhes bibliográficos
Autor Corporativo: International Monetary Fund. European Dept
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 2017.
Colecção:IMF Staff Country Reports; Country Report ; No. 2017/320
Acesso em linha:Full text available on IMF
Descrição
Resumo:This Selected Issues paper analyzes the challenges for the Spanish pension system. Spain's population, like those in many other advanced economies, is projected to age over the coming decades. Although projections are uncertain, the simple fact is that Spain's aging and shrinking population has put and will continue to put relentless pressure on contributory pension finances. The reforms adopted in 2011 and 2013 if fully implemented will ensure the financial viability of the contributory pension system. A package of reforms could include parametric changes such as automatically linking the retirement age to changes in life expectancy and adjusting accrual rates and the calculation of pensionable earnings.
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Descrição Física:1 online resource (61 pages)
Formato:Mode of access: Internet
ISSN:1934-7685
Acesso:Electronic access restricted to authorized BRAC University faculty, staff and students