| Nº Sistema |
000473815 |
| Autor |
 Martín, Miguel Ángel |
| Autor |
Ramos, Roberto |
| Título |
Pension expenditure in Spain [Recurso electrónico] : a European comparison / Miguel Ángel Martín and Roberto Ramos. |
| Publicado en |
Economic Bulletin / Banco de España [Artículos], 2023/Q1, 09 |
| Edición |
18/01/2023 |
| Descrip. física |
13 p. |
| Nota general |
Artículo de revista |
| Resumen |
Rationale. There is significant disparity in the pension expenditure-to-GDP ratio across European countries. This article examines the size of the Spanish pension system relative to those of other EU countries and analyses the drivers behind the differences observed.Takeaways. • In 2019, pension expenditure in Spain, relative to the size of its economy, was above the EU’s simpleaverage and similar to the GDP-weighted average. • In comparison with the EU in 2019, the ageing process was less advanced in Spain and pensionscheme coverage was lower. In contrast, Spain had a lower employment rate and a higher level ofbenefits relative to the average wage. • Demographic projections suggest that pension expenditure in Spain will increase significantly. Slightlymore than 40% of this increase could be offset if Spain’s employment rate were to rise to equal that ofGermany. [Resumen de autor] [eng] |
| Restricciones |
Acceso público y gratuito a la versión electrónica en Internet |
| Acceso electrónico |
 Ver en el Repositorio Institucional. |
| Relacionado con |
Versión en español |
| Clasificación |
I3-Seguridad social y programas de asistencia social. |
|
H2-Presupuesto y contabilidad pública. |
| Materia |
España |
| Entidad secundaria |
Banco de España. Dirección General de Economía y Estadística |
