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EUI-Banco de España Mini-Conference on Social Security Reforms in Europe

8 April 2021


This on-line mini-conference, jointly organized by the Pierre Werner Chair of the European University Institute and the Banco de España, will focus on social security reforms that can help to prevent the crisis of social security pay-as-you-go systems due to the demographic tsunami that many countries will undergo in the next decades.

In the first part, three research papers will be presented and discussed that focus on the design and financial aspects, as well as an overall alternative to the pay-as-you-go system.

This (Backpack) alternative is the starting point of the second part in which a panel will discuss challenges and reforms of European pay-as-you-go systems.

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8 April 2021
16.00 - 17.30
Part I: Current research on social security reforms

Chair: Ramon Marimon (EUI and UPF – Barcelona GSE)

Linda Sandris Larsen (Copenhagen Business School), joint with Claus Munk (CBS) "The design and welfare implications of mandatory pension plans"
Ofer Setty (Tel Aviv University), joint with Kathrin Schlafmann (CBS) and Roine Vestman (Stockholm University) "Optimal Defined Contribution Pension Plans: One-Size Does Not Fit All"
João Brogueira de Sousa (Nova School of Business and Economics), joint with Ramon Marimon and Julián Díaz-Saavedra (Universidad de Granada) "The Austrian Backpack as alternative to the Spanish PAYG pension system"

Discussant: Alexander Michaelides (Imperial College Business School) and Ellen McGrattan (University of Minnesota and Federal Reserve Bank of Minneapolis

17.30 - 19.00
Part II : Policy debate on social security reforms in Europe, with an emphasis in Spain

Chair: Oscar Arce (Banco de España)

Panelists: Pablo Antolín, Principal Economist and Head of the Private Pensions Unit, OECD
Javier Díaz-Giménez, Professor of Economics, IESE
Esther Gordo, Director of Economic Analysis, AIReF
Carolin Nerlich, Senior Economist, European Central Bank