A revision of the revaluation index of Spanish pensions

This article reviews the methodological aspects of the revaluation index of Spanish pensions developed following Law 23/2013 which regulates the sustainability factor and revaluation index of the Social Security pension system. From a gradual breakdown of the elements that make up the revaluation in...

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Detalles Bibliográficos
Autores: Roch, Oriol, Bosch Príncep, Manuela, Morillo, Isabel, Vilalta de Miguel, Daniel
Tipo de recurso: artículo
Estado:Versión publicada
Fecha de publicación:2017
País:España
Institución:Universidad de Barcelona
Repositorio:Dipòsit Digital de la UB
OAI Identifier:oai:diposit.ub.edu:2445/119532
Acceso en línea:https://hdl.handle.net/2445/119532
Access Level:acceso abierto
Palabra clave:Pensions
Desenvolupament sostenible
Política econòmica
Sustainable development
Economic policy
Descripción
Sumario:This article reviews the methodological aspects of the revaluation index of Spanish pensions developed following Law 23/2013 which regulates the sustainability factor and revaluation index of the Social Security pension system. From a gradual breakdown of the elements that make up the revaluation index, an exposition is given of the formal and implementation problems it involves. Finally, an alternative model based on dynamic optimization techniques is proposed and its use is illustrated with numerical examples.