July 22, 2021
The issue with the Spanish pensions: a contributive and redistributive system
Dr Ció Patxot, professor of Economics at the Universitat de Barcelona School of Economics, considers that the Spanish pension system “has an internal contradiction: despite having certain redistributive elements such as contribution and pension ceilings, it is contributory (pensioners receive based on what they have paid during their working life). And as long as pensions are financed on a pay-as-you-go basis, with the contributions of the current workers, the available funds should not…
