The Effect of the Great Recession Unemployment on Spain's Pensioners
Published version
Peer-reviewed
Repository URI
Repository DOI
Change log
Authors
Abstract
One of the main impacts of the Great Recession has been the increase in the rate of unemployment in Spain. Unemployment has a negative impact on the wages of workers, which, in those pension systems where pensions are computed according to wages, eventually affect pension benefits. In this contribution we estimate the impact of these detrimental effects on Spain’s pensioners’ welfare. According to our estimates the average pensioner is expected to lose the equivalent to 18 monthly payments of the initial pension entitlement. Additionally, the poverty risk faced by pensioners is estimated to increase between 10.6 and 24.6 per cent due to the effect of the Great Recession.
Description
Keywords
Journal Title
Revista Internacional de Política Económica
Conference Name
Journal ISSN
Volume Title
2
Publisher
Publisher DOI
Publisher URL
Rights
All rights reserved