Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/286146 
Title (translated): 
From lifetime benefits to temporary payments: An approach to survivors benefits reform in Spain
Year of Publication: 
2018
Citation: 
[Journal:] Revista de Métodos Cuantitativos para la Economía y la Empresa [ISSN:] 1886-516X [Volume:] 26 [Year:] 2018 [Pages:] 220-236
Publisher: 
Universidad Pablo de Olavide, Sevilla
Abstract (Translated): 
This article explores the possibility of transition from lifetime benefits to temporary payments, specifying the debate in the Spanish Social Security. The theoretical approach is presented and, according to the Continuous Sample of Working Lives, the application of actuarial equivalence and a sensitivity analysis on the main hypothesis, practical results are calculated. As it would be intuitively expected, the transition from lifetime benefits to temporary payments leads to better fairness in the model and a cost reduction in the initial expenses per generation for public protection system, although other perspectives, including reduced expectations for potential beneficiaries, should be also seen. Furthermore, the possibility of using different periods and amounts in the structure of expenses is shown as well. This option improves the protection at the time closest to the fact that generates the benefit.
Subjects: 
Social Security
survivors benefits
lifetime and temporary income
actuarial equivalence
JEL: 
C10
H55
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-sa Logo
Document Type: 
Article

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