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RESEARCH PRODUCT

The Sustainability Factor: How Much Do Pension Expenditures Improve in Spain?

Inmaculada Dominguez-fabiánMar DevesaBorja EncinasEnrique DevesaRobert Meneu

subject

Index (economics)AccrualStrategy and ManagementEconomics Econometrics and Finance (miscellaneous)Sample (statistics)lcsh:HG8011-999901 natural scienceslcsh:Insurance010104 statistics & probabilityActuarial present valueAccounting0502 economics and businessddc:330EconomicsEconometricsfinancial-actuarial methodpay-as-you-go systems0101 mathematicspension savingsPension050208 finance05 social sciencessustainabilityWork (electrical)actuarial equityMicrodata (HTML)Aggregate data

description

The reform of 2013 represented a qualitative leap in the reform of the Spanish pension system. Unlike its predecessors, it introduced two automatic resetting mechanisms similar to those of other European countries. The first is the sustainability factor, scheduled to come into effect in 2019 but delayed until 2023, and its ultimate reversal cannot be ruled out. The objective of this study was to quantify the savings, or the lowest expenditure, that can be achieved in the Spanish public contributory pension system by applying it. These savings are measured in terms of cash&mdash

yearjournalcountryeditionlanguage
2020-12-07Risks
https://doi.org/10.3390/risks8040134