Implementation of a System of individual capitalization accounts in Spain

Autor: Cortés García, Joan, Universitat Autònoma de Barcelona. Facultat de Ciències Econòmiques i Empresarials
Přispěvatelé: Esnaola Acebes, Mikel
Rok vydání: 2020
Předmět:
Zdroj: Dipòsit Digital de Documents de la UAB
Universitat Autònoma de Barcelona
Popis: The aim of this work is to analyse the hypothetical consequences of implementing a System of individual capitalization accounts in Spain. This possibility was introduced among other different measures in the latest National Reform Programme delivered to the European Commission by the Spanish Government. In order to assess the measure and its potential benefits for the Spanish Pension System, a model based on the Austrian Severance Pay scheme has been developed and simulated. The results obtained are promising. It was observed that under some scenarios, provision funds could help to offset the projected downward trend for replacement rates.
Databáze: OpenAIRE