Juan-José Alonso Fernández
Current Organizations / Institutes
The organizations/institutes from the scholar's latest article
Research Subjects
Juan-José Alonso Fernández has a total of 5 co-authors. Here are the top co-authors by number of shared publications:
- Beatriz Rosado-Cebrián
Department of Financial Economy and Accountancy, School of Technology, University of Extremadura, 10003 Cáceres, Spain
1 shared publication Borja Encinas Goenechea
School of Business and Tourism Studies, University of Extremadura, Cáceres, Spain
1 shared publication- Inmaculada Domínguez-Fabián
Department of Financial Economics and Accounting, Faculty of Business, University of Extremadura, 10071 Cáceres, Spain
1 shared publication José-Enrique Devesa Carpio
School of Economic Science, University of Valencia, Valencia, Spain
1 shared publication- Robert Meneu Gaya
University of Valencia
1 shared publication
Latest Publications
- Open Access
- 4 February 2020
- Published by Editorial Universidad de Almeria in Studies of Applied Economics
- Vol. 33 (3) , 859-880
Reformas de las pensiones públicas y privadas en España: Persiguiendo la solvencia y la suficiencia
The Spanish public pension system has been subjected to some major reforms, both parametric and structural, during the years 2011 and 2013. These reforms entail to improve the solvency of the system by ensuring its viability, but also involve a decrease in the purchasing power of today and future pensioners. This fact implies a saving necessity to supplement the public retirement pension. The favorable fiscal treatment of the amounts of money destined to finalist savings has been considered as an incentive instrument, and the reform of the Personal Income Tax in Spain in 2014 involves chan-ges that affect the complementary social security systems. In this paper we will analyze both the effects of the reform of the Spanish pensions system on the solvency and sufficiency of public and private pensions, and the tax treatment of savings in 2014.
- 4 February 2020
- Published by Editorial Universidad de Almeria in Studies of Applied Economics
- Vol. 33 (3) , 859-880
Open AccessReformas de las pensiones públicas y privadas en España: Persiguiendo la solvencia y la suficiencia
The Spanish public pension system has been subjected to some major reforms, both parametric and structural, during the years 2011 and 2013. These reforms entail to improve the solvency of the system by ensuring its viability, but also involve a decrease in the purchasing power of today and future pensioners. This fact implies a saving necessity to supplement the public retirement pension. The favorable fiscal treatment of the amounts of money destined to finalist savings has been considered as an incentive instrument, and the reform of the Personal Income Tax in Spain in 2014 involves chan-ges that affect the complementary social security systems. In this paper we will analyze both the effects of the reform of the Spanish pensions system on the solvency and sufficiency of public and private pensions, and the tax treatment of savings in 2014.
- 8 November 2017
- Published by Taylor & Francis in Applied Economics
- Vol. 50 (22) , 2459-2468
The effects of recent Spanish pension reforms on sustainability and pension adequacy
The Spanish pension system has been recently reformed as a response to the demographic challenge and with the objective of ensuring the sustainability of the pension system in the long-term. The overall reforms include changes in the majority of the system parameters, a new indexation rule and a sustainability factor that links life expectancy and the first pension amount. The aim of this work is to analyse how these reforms affect two important features of a pension system: fiscal sustainability and adequacy. For this purpose, the real internal rate of return (IRR) of the lifetime contributions and benefits and the prospective gross theoretical replacement rate (TRR), both before and after the reforms, have been computed. The calculations are case-study based, for a few hypothetical workers who are sufficiently representative of the earnings and retirement patterns in Spain. The results show that the real IRR is 0.7 p.p. lower and the prospective gross TRR is 18 p.p. lower after the reform process for the base case of a man with an uninterrupted career of 40 years with average earnings and a retirement age of 65. In addition, pension reform process in Spain has different effects among the individuals depending on the gender, level of earnings, retirement age and career length.
- 8 November 2017
- Published by Taylor & Francis in Applied Economics
- Vol. 50 (22) , 2459-2468
The effects of recent Spanish pension reforms on sustainability and pension adequacy
The Spanish pension system has been recently reformed as a response to the demographic challenge and with the objective of ensuring the sustainability of the pension system in the long-term. The overall reforms include changes in the majority of the system parameters, a new indexation rule and a sustainability factor that links life expectancy and the first pension amount. The aim of this work is to analyse how these reforms affect two important features of a pension system: fiscal sustainability and adequacy. For this purpose, the real internal rate of return (IRR) of the lifetime contributions and benefits and the prospective gross theoretical replacement rate (TRR), both before and after the reforms, have been computed. The calculations are case-study based, for a few hypothetical workers who are sufficiently representative of the earnings and retirement patterns in Spain. The results show that the real IRR is 0.7 p.p. lower and the prospective gross TRR is 18 p.p. lower after the reform process for the base case of a man with an uninterrupted career of 40 years with average earnings and a retirement age of 65. In addition, pension reform process in Spain has different effects among the individuals depending on the gender, level of earnings, retirement age and career length.