Spain: Selected Issues

October 6, 2017

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Format: Chicago

Spain: Selected Issues, (USA: International Monetary Fund, 2017) accessed December 21, 2024

Summary

This Selected Issues paper analyzes the challenges for the Spanish pension system. Spain’s population, like those in many other advanced economies, is projected to age over the coming decades. Although projections are uncertain, the simple fact is that Spain’s aging and shrinking population has put and will continue to put relentless pressure on contributory pension finances. The reforms adopted in 2011 and 2013 if fully implemented will ensure the financial viability of the contributory pension system. A package of reforms could include parametric changes such as automatically linking the retirement age to changes in life expectancy and adjusting accrual rates and the calculation of pensionable earnings.

Subject: Aging, Bank credit, Employment, Expenditure, Labor, Money, Pension spending, Pensions, Population and demographics

Keywords: Accounts payable, Aging, Bank credit, CR, Debt, Differential employment recovery, Employment, Europe, Global, Household balance sheets, IMF staff calculation, ISCR, Job growth, Labor market, Pension spending, Pensions

Publication Details

Pages:

61
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/320
Stock No:

1ESPEA2017004
ISBN:

9781484323700
ISSN:

1934-7685

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