Beyond the Toledo agreement : the intergenerational impact of the spanish pension reform

The paper examines the intergenerational impact of the Spanish public pension system after the 1997 Pension Reform Act. Working within a Generational Accounting framework, we find that maintaining the new legal setting could leave future generations with liabilities as high as 176 percent of base year GDP. As the recent reform measures have been insufficient to achieve the sustainability of the current pension system, we also analyse the impact of alternative reform strategies. Within the current pay-as-you-go setting, a further improvement to tax-benefit linkage in line with the original spirit of the Toledo Agreement is shown to yield and intergenerationally more balanced outcome,than an increase in the retirement age or an expansion of public subsidies financed through indirect taxes. Finally, we examine the generational impact of a move toward a partially funded pension system which might restore theintergenerational balance

¿Realmente desean jubilarse los trabajadores? : una aproximación al deseo de jubilarse según la categoría laboral, la edad y los años cotizados

La edad de cese de la actividad laboral de las personas ocupadas presenta fuertes variaciones entre los países europeos. En una primera observación, esta variabilidad podría atribuirse a que la edad legal de jubilación no es la misma en todos ellos. Sin embargo, las pocas investigaciones que existen en España al respecto indican que las causas que impulsan o frenan el deseo de jubilarse no sólo están directamente ligadas a los límites legales que establecen los países, sino a otro tipo de variables. Una investigación en curso pretende conocer cuáles son las principales causas que inducen a que los trabajadores asalariados deseen retirarse de la actividad «lo más pronto posible». El objetivo es doble. En una primera etapa, se trataría de detectar cuáles son esas causas y cómo actúan en tanto que factores de expulsión o prolongación en el mercado laboral de los trabajadores asalariados de 50 o más años. En una segunda etapa, se trataría de comparar esos resultados con los de otros países europeos. Concretamente, con los datos que, desde su primera publicación en 2004, proporciona la encuesta SHARE (Survey of Health Ageing and Retirement), dirigida por la Universidad de Mannheim, cuyo principal objetivo es la creación de un observatorio permanente de las condiciones socioeconómicas y sanitarias de la población de diez países europeos, incluido España.

Who Cares? A comparison of informal and formal care provision in Spain, England and the USA

This paper investigates the prevalence of incapacity in performing daily activities and the associations between household composition and availability of family members and receipt of care among older adults with functioning problems in Spain, England and the United States of America (USA). We examine how living arrangements, marital status, child availability, limitations in functioning ability, age and gender affect the probability of receiving formal care and informal care from household members and from others in three countries with different family structures, living arrangements and policies supporting care of the incapacitated. Data sources include the 2006 Survey of Health, Ageing and Retirement in Europe for Spain, the third wave of the English Longitudinal Study of Ageing (2006), and the eighth wave of the USA Health and Retirement Study (2006). Logistic and multinomial logistic regressions are used to estimate the probability of receiving care and the sources of care among persons age 50 and older. The percentage of people with functional limitations receiving care is higher in Spain. More care comes from outside the household in the USA and England than in Spain. The use of formal care among the incapacitated is lowest in the USA and highest in Spain.

El significado de las ocupaciones en las personas mayores-jóvenes: algunas tendencias

Con la llegada del nuevo paradigma del “envejecimiento activo” planteado por la Organización Mundial de la Salud (OMS, 2002), estamos asistiendo a una nueva manera de enfocar el progresivo envejecimiento de la población. Este enfoque trata de fomentar la consecución de una esperanza de vida saludable y libre de discapacidad, gracias a la promoción de políticas y programas cuyos objetivos principales se centran en la independencia y en la autonomía a lo largo del proceso de envejecimiento. Acorde con este enfoque pensamos que las ocupaciones significativas son una buena herramienta para mantener la autonomía de estas personas al fomentar la prevención y la promoción de su salud, motivo por el cual desarrollamos este estudio. Los objetivos principales del presente estudio son conocer y comprender que ocupaciones adquieren un significado y satisfacción personal en las personas mayores-jóvenes, que han concluido su etapa laboral, que cuentan con buena salud y condiciones psicofísicas favorables y que viven de manera autónoma en la comunidad, así como explorar también si se establece en estas personas alguna vinculación entre las actividades que eligen desarrollar en la actualidad con su perfil e historia ocupacional previa. Por último, este estudio pretende conocer el tipo de gestión que cada persona prefiere para llevar a cabo las actividades cotidianas que les son más significativas, a partir de los contextos en los que se inscribe. El marco teórico se desarrolla a partir de la conceptualización aportada por diversos autores sobre el envejecimiento activo y la ciencia de la ocupación. La metodología utilizada es de carácter cualitativo, enfocado desde un paradigma constructivista. Los resultados del estudio muestran que se inicia tímidamente un cambio de tendencias en la elección y el significado que las personas mayores-jóvenes atribuyen a sus ocupaciones. Muestran también que las ocupaciones elegidas como más significativas por estas personas mantienen una vinculación con las que ya realizaban con anterioridad a la jubilación, con su historia o perfil 6 ocupacional previo. Y finalmente demuestran que el tipo de gestión que eligen para efectuarlas influye en la elección del entorno donde las llevan a término.

Transiciones y orientación

Los diversos procesos de transición que se suceden a lo largo de la vida suponen períodos de adaptación constantes. Cada proceso de transición requiere tomar decisiones que afectan, en mayor o menor medida, todos los aspectos de la persona. La trayectoria vital abarca diversos ámbitos de transición. En este artículo hacemos especial incidencia en el itinerario académico y en el itinerario laboral. Las transiciones académicas han de facilitar la continuidad curricular entre ciclos o etapas y la adaptación a nuevos niveles. En el ámbito profesional destacan dos transiciones esenciales al inicio y final de la vida laboral: la inserción sociolaboral y la jubilación. A ellas, cabe añadir las transiciones ocupacionales -voluntarias o involuntarias -, que cada vez son más frecuentes en la actual organización del mercado de trabajo. En cada uno de estos procesos se requiere intervención orientadora que proporcione estrategias para el desarrollo personal y la integración social.

Memory Revisited in Julian Barnes's The Sense of an Ending

An accumulation of years brings with it an accumulation of experiences. The revision of such experiences usually becomes more recurrent after retirement, a transition time from one period of life to another and, as such, a time in which we, human beings, have a tendency to take stock of our lives. This is actually one of the main issues present in Julian Barnes's last novel The Sense of an Ending (2011). When the main protagonist, a retired man quite comfortable and contented with his present life, receives an unexpected inheritance from the mother of a girlfriend from his university years, he is forced to track down a part of his life that he had left at the back of his mind a long time ago. As he explains his story, the protagonist and narrator of the novel raises a number of questions related to the quality and function of memory as one gets into old age. He experiments the unreliability of memory and questions to what extent memory is constructed through the remembered emotions that invaded him over that episode of his life rather than through the events as they actually took place. On the other hand, the act of revisiting and revising that specific episode, brings with it feelings of guilt and remorse as the protagonist realises that his past acts were not as noble as he remembered them to be. However, these acts are part of the past and they cannot be changed; thus, another question that the novel raises is how to account for those actions of which one does not feel proud and, more importantly, how to manage those bad memories as one gets older.

Health care usage among immigrants and native-born elderly populations in eleven European countries: results from SHARE

Differences in health care utilization of immigrants 50 years of age and older relative to the native-born populations in eleven European countries are investigated. Negative binomial and zero-inflated Poisson regression are used to examine differences between immigrants and native-borns in number of doctor visits, visits to general practitioners, and hospital stays using the 2004 Survey of Health, Ageing, and Retirement in Europe database. In the pooled European sample and in some individual countries, older immigrants use from 13 to 20% more health services than native-borns after demographic characteristics are controlled. After controlling for the need for health care, differences between immigrants and native-borns in the use of physicians, but not hospitals, are reduced by about half. These are not changed much with the incorporation of indicators of socioeconomic status and extra insurance coverage. Higher country-level relative expenditures on health, paying physicians a fee-for-service, and physician density are associated with higher usage of physician services among immigrants.

Consumption, investment and life insurance strategies with heterogeneous discounting

[cat] En aquest treball s'analitza l'efecte que comporta l'introducció de preferències inconsistents temporalment sobre les decisions òptimes de consum, inversió i compra d'assegurança de vida. En concret, es pretén recollir la creixent importància que un individu dóna a la herència que deixa i a la riquesa disponible per a la seva jubilació al llarg de la seva vida laboral. Amb aquesta finalitat, es parteix d'un model estocàstic en temps continu amb temps final aleatori, i s'introdueix el descompte heterogeni, considerant un agent amb una distribució de vida residual coneguda. Per tal d'obtenir solucions consistents temporalment es resol una equació de programació dinàmica no estàndard. Per al cas de funcions d'utilitat del tipus CRRA i CARA es troben solucions explícites. Finalment, els resultats obtinguts s'il·lustren numèricament.

Consumption, investment and life insurance strategies with heterogeneous discounting

[cat] En aquest treball s'analitza l'efecte que comporta l'introducció de preferències inconsistents temporalment sobre les decisions òptimes de consum, inversió i compra d'assegurança de vida. En concret, es pretén recollir la creixent importància que un individu dóna a la herència que deixa i a la riquesa disponible per a la seva jubilació al llarg de la seva vida laboral. Amb aquesta finalitat, es parteix d'un model estocàstic en temps continu amb temps final aleatori, i s'introdueix el descompte heterogeni, considerant un agent amb una distribució de vida residual coneguda. Per tal d'obtenir solucions consistents temporalment es resol una equació de programació dinàmica no estàndard. Per al cas de funcions d'utilitat del tipus CRRA i CARA es troben solucions explícites. Finalment, els resultats obtinguts s'il·lustren numèricament.

Prediction of the economic cost of individual long-term care in the Spanish population

Pensions together with savings and investments during active life are key elements of retirement planning. Motivation for personal choices about the standard of living, bequest and the replacement ratio of pension with respect to last salary income must be considered. This research contributes to the financial planning by helping to quantify long-term care economic needs. We estimate life expectancy from retirement age onwards. The economic cost of care per unit of service is linked to the expected time of needed care and the intensity of required services. The expected individual cost of long-term care from an onset of dependence is estimated separately for men and women. Assumptions on the mortality of the dependent people compared to the general population are introduced. Parameters defining eligibility for various forms of coverage by the universal public social care of the welfare system are addressed. The impact of the intensity of social services on individual predictions is assessed, and a partial coverage by standard private insurance products is also explored. Data were collected by the Spanish Institute of Statistics in two surveys conducted on the general Spanish population in 1999 and in 2008. Official mortality records and life table trends were used to create realistic scenarios for longevity. We find empirical evidence that the public long-term care system in Spain effectively mitigates the risk of incurring huge lifetime costs. We also find that the most vulnerable categories are citizens with moderate disabilities that do not qualify to obtain public social care support. In the Spanish case, the trends between 1999 and 2008 need to be further explored.

La adaptación a la jubilación y sus fases: afectación de los niveles de satisfacción y duración del proceso adaptativo

This research attempted to describe, according to the model of Atchley (1975), the experience of the adaptive phases, the changes of life satisfaction levels and the duration of the process and its phases. A total of 30 retired people were interviewed in depth, representated their Life Chart Methodology-retrospective (LCM-r) on the life satisfaction levels and responded to the Life Satisfaction Index. The results show that even though the retirees did not all experience exactly the same adjustment processes, most of the stages were found. It is also noteworthy that during the adustment process large fluctuations were observed in the level of satisfaction experienced by the participants, but once they had adjusted to retirement their degree of satisfaction returned to levels similar to those reported before retirement. Substantial differences were also found with regards to the duration of the adjustment process, which fluctuated from six months to more than a year

Transiciones y orientación

The several transition processes happening throughout lije are periods of constant adaptations. Each transition process requires making decisions affecting in greater or a lesser degree all the aspects of the persono The vital course development embraces different transition realms. In this paper, we pay particular attention to the academic and occupational itineraries. The academic transitions have to facilitate the curriculum continuity between cycles or academic stages and the adaptation to new levels. In the professional world, two essential transitions arestanding out: socio-professional insertion and retirement. To those one should add occupational transitions - voluntary or not -, which are nowadays increasingly present in the labour market. In each of these processes, a guiding intervention is needed providing strategies for personal development and at the same time generating social integration

Health of Immigrants in European countries

The health of older immigrants can have important consequences for needed social support and demands placed on health systems. This paper examines health differences between immigrants and the nativeborn populations aged 50 years and older in 11 European countries. We examine differences in functional ability, disability, disease presence and behavioral risk factors, for immigrants and non-immigrants using data from the Survey of Health, Aging and Retirement in Europe (SHARE) database. Among the 11 European countries, migrants generally have worse health than the native population. In these countries, there is a little evidence of the “healthy migrant” at ages 50 years and over. In general, it appears that growing numbers of immigrants may portend more health problems in the population in subsequent years.

Proyecto Vive la vida : Propuesta de intervención basada en un programa de psicología positiva y motivacional para mejorar la autoestima y disminuir el aislamiento social en mayores jubilados

La jubilación y la vejez implican la necesidad de una reorganización de los roles sociales, personales y familiares, y una adaptación al nuevo estatus social. Es una etapa crítica en la que puede aparecer un deterioro de la autoestima y el incremento del aislamiento social. Por ello, los objetivos de la presente intervención son incrementar la autoestima y disminuir el aislamiento social en el mayor jubilado.