Automatic balancing mechanism in pay-as-you go pension systems: a solution to face demographic risk and restores sustainability?

María Ferrer Fernández; María del Carmen Boado Penas

doi:10.26360/2017_7

Autores/as

María Ferrer Fernández University of Liverpool (United Kingdom)
María del Carmen Boado Penas University of Liverpool (United Kingdom)

DOI:

https://doi.org/10.26360/2017_7

Palabras clave:

optimización, envejecimiento poblacional, pensiones, sostenibilidad

Resumen

En este trabajo se analiza la sostenibilidad del sistema de pensiones de reparto en presencia de la incertidumbre demográfica. Siguiendo el artículo de Godínez-Olivares et al. (2016b), esta investigación diseña mecanismos de ajuste automático utilizando la estructura de población de tres países representativos. Los países seleccionados presentan una estructura por edades muy diferente. Los resultados muestran que, en cada estructura poblacional, es necesario modificar las variables para garantizar la sostenibilidad financiera a largo plazo.

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