Thinking in Vertical: A Practical Application of the Two-Stage Pension System in Spain

Public pay-as-you-go pension systems are affected by sustainability problems due to the increasing longevity of the population. These problems come to light when there is unsustainable growth in pension expenditure in relation to GDP. The usual arrangement is for public systems to be complemented by...

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Bibliographic Details
Main Authors: Pierre Devolder, Inmaculada Domínguez-Fabián
Format: Article
Language:English
Published: MDPI AG 2020-11-01
Series:Sustainability
Subjects:
Online Access:https://www.mdpi.com/2071-1050/12/23/9928