Effect of the immigration in public pensions

Abstract

The objective of this research is to contribute to the study of the potential impact of immigrant workers in the Spanish public pension system and, more specifically, in the general scheme. This is ultimately also study without losing sight of the main objective, which is the relationship between immigration and the future financial sustainability of the pension system, threatened by the problem of an aging population. Currently, the sustainability of the system of a country depends largely on the dependency ratio between contributors and pensioners. Thus the main objective is to check whether there is an adequate financial and actuarial balance between the contributions made by immigrants throughout their working lives and receive benefits after their retirement. And but so what its causes, factors affecting it and possible solutions. In order to get that, a number of influential both Spanish residents and immigrants, as well as factors such as: aging, birth, labor conditions… will be studied. The study data manuals come both authors cited in the literature, websites and personally conducted studies immigrants. In the theoretical framework parragraph, theoretical information about the concepts of sustainable finance and social responsability is contrasted to facilitate the understanding of the research. After the concept of immigration becomes important as an essential factor in financial systems, developing its effects in today's economy, advantages and disadvantages ... and their impact on both public expenditure and public revenue of societies. Finally focusing the work in the Spanish case, researches from several authors mention information about the possibility that immigration is the possible solution to the actuarial imbalance between contributions and pensions contrasts.