A Revision of the Revaluation Index of Spanish Pensions

UB Economics Working Papers E15/322

22 Pages Posted: 23 Apr 2015

See all articles by Oriol Roch

Oriol Roch

Universitat de Barcelona

Manuela Bosch-Princep

University of Barcelona

Isabel Morillo

University of Barcelona

Daniel Vilalta

University of Alcala

Date Written: March 11, 2015

Abstract

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, its use is illustrated with numerical results.

Keywords: revaluation index, automatic balancing mechanisms, Spanish Social Security System.

JEL Classification: H55.

Suggested Citation

Roch, Oriol and Bosch-Princep, Manuela and Morillo, Isabel and Vilalta, Daniel, A Revision of the Revaluation Index of Spanish Pensions (March 11, 2015). UB Economics Working Papers E15/322. Available at SSRN: https://ssrn.com/abstract=2597464 or http://dx.doi.org/10.2139/ssrn.2597464

Oriol Roch (Contact Author)

Universitat de Barcelona ( email )

Dept. Matèmatica Econòmica, Financera i Actuarial
Barcelona, Barcelona 08034
Spain
+34934029028 (Phone)

Manuela Bosch-Princep

University of Barcelona ( email )

Gran Via de les Corts Catalanes, 585
Barcelona, 08007
Spain

Isabel Morillo

University of Barcelona ( email )

Gran Via de les Corts Catalanes, 585
Barcelona, 08007
Spain

Daniel Vilalta

University of Alcala ( email )

Plaza de la Victoria, 2.
Alcala de Henares, Madrid 28801
Spain

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