Boado-Penas, María del Carmen; Godínez-Olivares, Humberto - In: Economic challenges of pension systems : a …, (pp. 341-358). 2020
, through successive application, to restore the sustainability of the pay-as-you-go pension system. First, adjustments can be …In pay-as-you go pension systems, automatic balancing mechanisms (ABMs) are designed to face adverse demographic and …