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    AIReF English

    “Our mission is to guarantee effective compliance of the financial sustainability principle by the General Goverment”

    Technical document 1/20. Update of demographic and pension expenditure forecasts

    The Independent Authority for Fiscal Responsibility (AIReF) publishes the update of its demographic and pension expenditure forecasts. One of AIReF's functions is to analyze and diagnose the sustainability of public finances. In this regard, the evolution of demographic variables is a fundamental determinant for some public spending items, most especially for pension spending, as well ... Read more

    AIReF’s Demographic Forecasts: an integrated view

    The Independent Authority for Fiscal Responsibility (AIReF) publishes the document 'Demographic Forecasts: an integrated view', as part of the fulfillment of the objective of ensuring effective compliance by the Public Administrations with the principle of budgetary stability provided for in Article 135 of the Spanish Constitution, through the continuous assessment of the budget cycle, public ... Read more

    Working paper 1/2018. Some Unpleasant Labor Arithmetics: A tale of the Spanish 2012 Labor Market Reform

    The 2008 economic and financial crisis and its posterior EU banking and sovereign debt dimensions highlighted some unresolved structural issues in the Spanish labor market, exacerbating unemployment issues. Duality between permanent and temporary workers, excessive rigidities in wage setting and collective bargaining arrangements and extreme volatility, particularly in employment, stand amongst the most commonly cited … Read more