Modeling the Impact of Aging on Social Security Expenditures

40 Pages Posted: 18 May 2006

See all articles by Juan F. Jimeno

Juan F. Jimeno

Banco de España - Research Department; Centre for Economic Policy Research (CEPR); IZA Institute of Labor Economics

Juan A. Rojas

Banco de España

Sergio Puente

Banco de España

Date Written: January 27, 2006

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.

Keywords: pensions, general equilibrium models, ageing

JEL Classification: H55, C51

Suggested Citation

Jimeno, Juan F. and Rojas, Juan A. and Puente, Sergio, Modeling the Impact of Aging on Social Security Expenditures (January 27, 2006). Banco de Espana Research Paper No. OP-0601, Available at SSRN: https://ssrn.com/abstract=902810 or http://dx.doi.org/10.2139/ssrn.902810

Juan F. Jimeno (Contact Author)

Banco de España - Research Department ( email )

Alcala 48
28014 Madrid
Spain

Centre for Economic Policy Research (CEPR)

London
United Kingdom

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

Juan A. Rojas

Banco de España ( email )

Alcala 50
Madrid 28014
Spain

Sergio Puente

Banco de España ( email )

Alcala 50
Madrid 28014
Spain

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