Can the current pension system be sustained as the baby boom generation enters retirement?

Identifier:  TFG:9637

Handle: https://hdl.handle.net/20.500.11797/TFG9637

Authors:  Roca Zambrana, Sofia

Abstract:
This study examines the sustainability of the Spanish pension system, currently pressured by an aging population and the looming retirement of the baby boom generation. This demographic shift poses a significant challenge to the Spanish economy, as it triggers a simultaneous increase in the number of retirees and a contraction of the working-age population. To analyze this issue, the paper first outlines the operational framework of the Spanish pension system, including its core characteristics, funding mechanisms, and institutional structure.