This study analyzes the effect that the availability of resources and remittances have on household healthcare expenditure, as well as its intra-household allocation, a topic that has barely been explored in the case of Mexico. Using a Tobit model and GLS, we find that health is a luxury good,...

In this paper we build a socio-economic simulation model, called Carrion, to project the public expenditure on the retirement pensions, the social security contributions and the GDP through 2060. The model makes use of detailed hypothesis backed with econometric estimations on the behavior of...

This article examines the political causes of the crisis in the countries bad-called PIGS (Portugal, Ireland, Greece and Spain) that lie in the enormous inequalities of economic and political power that exist in those countries. The situation in Ireland is analyzed with particular interest.

The objective of this article consists of analyzing the impact of the economic on working careers of different birth cohorts. We use the micro-data of the Spanish Labour Force Survey from 1976 to 2013 to calculate the labour market trajectory of men and women by birth cohort. During the crisis,...

We propose to create a multi-pillar system by merging the public and private pension systems. In this system, part of the worker’s contribution goes to a “solidarity fund” and the remaining is accrued in his individual capitalization account. This fund will finance a targeted minimum...

The main idea upon which this paper is based is that outlined by Samuelson (1958) -that a pensions system, financed by way of transfers between generations, will only be viable in the long term if the internal rate of return of the system does not exceed the growth rate of salaries plus the...

Spanish Abstract: Este artículo argumenta que, en países emergentes, como Colombia, la combinación de la transición demográfica con una alta informalidad del mercado laboral hace inviable la existencia de un régimen de pensiones de reparto. En teoría, un país como Colombia tiene aún una...

English Abstract: In 2017 the Banco de España published an Occasional Paper (DO 1701) describing the institutional framework of the pension system, setting out the main medium-term challenges and analysing some reform alternatives. In this paper the Governor updates the foregoing analysis for...

La decisión de los individuos acerca del ahorro para el retiro ha sido abordada teóricamente bajo la hipótesis de que el sistema de seguridad social se comporta como un sustituto de otros mecanismos de ahorro. Este documento presenta evidencia de los determinantes y patrones de ahorro para el...

This article explores the possibility of transition from lifetime benefits to temporary payments, specifying the debate in the Spanish Social Security. The theoretical approach is presented and, according to the Continuous Sample of Working Lives, the application of actuarial equivalence and a...