Bonin, Holger; Trasfi, Joan Gil; Cardoner, Concepcion Patxot - Facultat d'Economia i Empresa, Universitat de Barcelona - 1999
The paper examines the intergenerational impact of the Spanish public pension system after the 1997 Pension Reform Act. Working within a Generational Accounting framework, we find that maintaining the new legal setting could leave future generations with liabilities as high as 176 percent of...