Centro de Documentacion de Fundación MAPFRE

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<title>Alternative pension reform for Spain based on optimisasion techniques</title>
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<name type="personal" usage="primary" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20150020130">
<namePart>Godínez Olivares, Humberto</namePart>
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<dateIssued encoding="marc">2015</dateIssued>
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<abstract displayLabel="Summary">The aim of this paper is to twofold: to design an alternative reform of the Spanish contributory retirement pension system based on optimal strategies to restore liquidity through changes in the key variables of the system (the contribution rate, retirement age and/or indexation of pensions) and at the same time to assess the reformed Spanish system with the focus on its liquidity in the long run. These optimal strategies, which we call Automatic Balancing Mechanisms (ABMs), calculate the optimal path of these variables over time and absorb fluctuations in longevity, fertility rates, life expectancy, salary growth or any other kind of uncertainty faced by the pension system. </abstract>
<note type="statement of responsibility">Humberto Godínez Olivares, María del Carmen Boado Penas</note>
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<topic>Pensiones</topic>
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<topic>Reforma legislativa</topic>
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<topic>Jubilación</topic>
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<topic>Cálculo actuarial</topic>
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<topic>Liquidez</topic>
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<topic>Métodos de optimización</topic>
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<geographic>España</geographic>
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<title>Anales del Instituto de Actuarios Españoles : Colegio Profesional</title>
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<publisher>Madrid : Instituto de Actuarios Españoles, 1943-</publisher>
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<identifier type="local">MAP20070000012</identifier>
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<text>03/12/2015 Número 21 Epoca 3ª época - 2015 , p. 107-134</text>
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An Alternative pension reform for Spain based on optimisasion techniques
