Towards an adequate and sustainable replacement rate in defined benefit pension systems: The case of Spain

The main objective of this article is to determine, based on internal data, replacement rates for a defined benefit pension system, with two aims: the adequacy of pensions – measured in terms of the expenditure of retirees – and the sustainability of the system. For this purpose two instruments are used: the internal rate of return, and techniques based on systems of notional accounts. These figures, derived from internal data, will serve, by comparison with the replacement rate of the system, to assess whether the system tends more towards adequacy or sustainability. The system studied is that of Spain.     

The Influence of Unemployment Benefits on Unemployment Duration: Evidence from Spain

ABSTRACT: This paper analyses the duration of unemployment spells and the possible incidence of unemployment insurance on job search behaviour and voluntary duration of unemployment in Spain. To do so, a longitudinal data set containing information on unemployment recipients during the period 1987-93 is used. Hazard rates and survival profiles are constructed for the cohorts of unemployed workers entering the benefit system at different points in time, and a logit model of the probability of leaving the system before exhausting entitlement period is presented. The results do not support the view that the unemployed tend to intensify their job search when benefits are near exhaustion.     

The Incidence of Household Characteristics on Labour Decisions: The Case of Spain

Abstract. This work presents an approach to the analysis of the incidence of family relationships on individuals' labour decisions as well as on their position in the labour market. We follow two different analyses. Firstly, we attempt to identify the type of households which are the most characteristic in our society to select the main categories of those where most people live, in order to study the decisions about participation in labour markets as well as the incidence of unemployment upon them. The second analysis tries to implement a model to allow us to study the implications of living in a partnership and the probability of both members of a couple having the same labour market status. There are at least two relevant results: the first shows the important concentration of unemployment in households of a couple with adult children and is clearly related to youth and female unemployment and the necessity of political intervention to correct them. The second points out the dependence between the labour status of the couple, mainly when they have a low level of education. Nevertheless, the woman is usually inactive, although this situation tends to change the younger she is, in which case the highest probability is that both members of the couple are employed.     

From the Replacement Rate to the Synthetic Indicator: A Global and Gender Measure of Pension Adequacy in the European Union

To measure the adequacy of pension systems in the world, one of the most commonly used indicators is the Replacement Rate. Our work is based on the statement that this indicator is imperfect itself to measure adequacy because it does not collect the multiple dimensions that it involves while being a static measurement. Consequently and based on the data provided by “The 2015 Pension Adequacy Report: current and future income adequacy in old age in the European Union” of the European Commission, in this paper we select a set of variables that are considered representative to measure the adequacy of pension systems from a dynamic and multidimensional perspective, and based on them, a synthetic adequacy indicator is developed. This indicator aims to compare European pension systems from the adequacy objective and to carry out continuous monitoring of the effects that the reform processes may have on the adequacy of pensions. The analysis is completed with the calculation of a gender indicator on pension adequacy for the European Union (EU-28) which identifies the still existing gap between men and women.     

Properties of a One-Sided Likelihood Ratio Test as Applied to Pool Screening

In the control of tropical disease, data are typically collected using pool screening design. When eradication programs have been in place for a period of time, researchers are interested in testing whether the disease prevalence is below a certain target level using one-sided likelihood ratio test (LRT). We will investigate the finite and large-sample properties of this test statistic. Based on simulations, if the number of pools is not large enough, the LRT has inflated type I error rate. Consequently, researchers will make the critical mistake of stopping the treatment when the target level has not been reached.     

Erratum to: Child at Risk of Poverty or Social Exclusion: Comparative View Between Spain and Portugal in the European Context

The aim of this study is to investigate the relations between identity statuses and the perceived quality of life in adolescents aged 16–19. The research methods include the Ego Identity Process Questionnaire to assess identity status of a sample covering 233 participants (148 girls, 85 boys), and the Youth Quality of Life Instrument to assess their subjective quality of life. Diffused identity is linked to the lowest level of subjective quality of life, whereas foreclosed identity to the highest. Five patterns of the connection between identity dimensions and perceived quality of life have been distinguished through cluster analysis. The results indicate that different patterns of identity processes in adolescents coexist with different levels of quality of life.     

Experimental avoidance as a mediator of the effects of adolescent sexual victimization on negative adult outcomes

The study examined experiential avoidance as a mediator between sexual victimization and negative adult outcomes. Baron and Kenny's (1986) regression analyses were performed on a sample of 304 undergraduate women to assess direct and indirect effects of sexual victimization on depressive, psychological distress, and alcohol abuse symptoms. Experiential avoidance accounted for statistically significant, but modest effects of victimization on depressive and distress symptoms. Child sexual abuse was not directly associated with experiential avoidance or negative outcomes, but increased vulnerability for adolescent sexual victimization. Adolescent sexual victimization contributed to increased experiential avoidance, which was associated with greater negative outcomes. These results uniquely contribute to the existing literature linking experiential avoidance to psychological problems.