2024/10/28 by Guadalupe Souto, Alfonso Herranz‐Loncán, Sergio Espuelas +2 · 1 voice
Health Professions · Social Sciences · #Employment and Welfare Studies #Retirement, Disability, and Employment #Migration, Aging, and Tourism Studies
paper · doi:10.1093/ereh/heae015
openalex publication_date 2024/10/28 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/31
Abstract The Spanish welfare state is strongly biased toward sustaining the elderly’s welfare, rather than children’s. We study the evolution of that bias since 1958 through National Transfer Accounts (NTA). NTA disentangle how people produce, consume, and save along their life cycle, and how resources move among generations through different mechanisms (families, markets, and governments). We extend the available NTA (2000–2012) to the past and show that Spanish social policies were biased toward the elderly since their early stages. The gradual increase in social expenditure and the aging of Spanish society have turned such bias into a serious challenge for the economy.