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Modeling the impact of aging on social security expenditures

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Issue Date
2006
Physical description
41 p. : gráf.
Abstract
In this paper we survey the features of different approaches available in the literature used to study the effects of the aging of the population on Social Security expenditures. We comment on the weaknesses and strengths of each of them, and perform a quantitative analysis by comparing the results they imply in the particular case of the Spanish economy. Finally, we highlight some elements of the modelling strategies on which more evidence is needed for a correct evaluation of the problem at hand. [resumen de autor]
Notes
Ponencia presentada en el "Seminar on Ageing and Pensions" celebrado en Frankfurt los días 6-7 de diciembre de 2005 y organizado por el Banco Central Europeo
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Documentos ocasionales / Banco de España, 0601
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