English, Article edition: The effect of immigration on the long run sustainability of the public pension system in Spain Zenon Jiménez-Ridruejo Ayuso; Carlos Borondo Arribas; Julio López Díaz; ...

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Bookmark: http://trove.nla.gov.au/version/162862
Physical Description
  • article
Language
  • English

Edition details

Title
  • The effect of immigration on the long run sustainability of the public pension system in Spain
Author
  • Zenon Jiménez-Ridruejo Ayuso
  • Carlos Borondo Arribas
  • Julio López Díaz
  • Carmen Lorenzo Lago
  • Carmen Rodríguez Sumaza
Physical Description
  • article
Notes
  • 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 current and future immigrants related to the length of stay, fertility, wages and employment rates. This information, along with the same for the native population, allows a detailed analysis of the effect of immigration on the balance of the social security system. The main result is that the solvency ratio (contributions over pensions) of immigrants is clearly above that of natives and will be so until 2055, when both ratios will be well under current values
  • Demographic projections, Social Security, pensions, sustainability of pension system
  • RePEc:hpe:journl:y:2009:v:188:1:p:74-121
Language
  • English
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