Structural Precariousness and the Future of Pensions in Spain

Abstract

The Spanish post-crisis scenario of structural unemployment and job insecurity poses a new challenge to the public pension system: The trajectories of structurally precarious contributions, which carry the risk that future generations of retirees dispose of social protection levels considerably inferior to those of the current generations. The Spanish public pension system, already troubled by problems of sustainability, should be rethought in the context of a redefinition of the social security subsystem linked to the labor market.