The Spanish pensions system form the taxpayer perspective

Identifier:  TFG:801

Handle: https://hdl.handle.net/20.500.11797/TFG801

Authors:  Gisbert Queral, Maria

Abstract:
The aim of this paper is to analyze the Spanish pension system from the taxpayer perspective. It starts with a brief summary of the background of the Social Security System, an explication about the way it is financed and then an accurate explanation of the retirement pension calculation. In order to put in context the current situation of the pension system, it analyzes different social, economical and demographic dates. It shows that here are a direct relation between this dates and the evolution of the system. However, these changes don’t affect only in the Spanish system, these exist in all the developed countries which have a pension system. For this reason, in this paper it analyzes the changes in Sweden and Chile which are focused in privatizing. The most applied part of this paper is the calculation of an example case. This is a calculation of the Spanish pension front the Chilean. It allows comparing the distribution system and the capitalization system. The results show that always is better the Spanish system because it gives a higher pensions and with a less substitution effect.