A Microsimulation Model for Sustainability and Detailed Adequacy Analysis of the Retirement Pension System

The sustainability and adequacy of pension systems are central to public policy debates in aging societies. This paper introduces a novel microsimulation model with probabilistic behavior to assess these dual challenges in the Spanish pension system. The model employs a mixed-projection method, inte...

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Bibliographic Details
Main Authors: Jaime Villanueva-García, Ignacio Moral-Arce, Luis Javier García Villalba
Format: Article
Language:English
Published: MDPI AG 2025-01-01
Series:Mathematics
Subjects:
Online Access:https://www.mdpi.com/2227-7390/13/3/443
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