Social welfare

Sustainability of the pension system at risk THE TOTAL EXPENDITURE ON PENSIONS (PUBLIC AND PRIVATE) HAS INCREASED IN MOST OF OECD ECONOMIES DURING THE LAST TWO DECADES. SPAIN IS ONE OF THE COUNTRIES WITH THE HIGHEST RISE, 2.9 PP OF GDP In Spain, this increase is mainly explained by changes in its demographic structure and … Continued

IN 2020 MIGRATION FELL BY 30% AND REACHED ITS LOWEST LEVEL SINCE 2003 Migration inflows reached their highest level of the decade in 2016. Immigrants contribute more in taxes than governments spend on them. SPANIARDS MIGRATE MAINLY TO EUROPEAN COUNTRIES In 2019, Colombia, Morocco and Venezuela were the top three nationalities of newcomers The work … Continued

Evolution of house prices in Spain Despite the strong social and economic impact of the pandemic house prices have shown positive growth rates. During the hardest months of pandemic, the moderation initiated in mid-2018 in the pace of house price advances has accentuated. Why do prices behave in this way? Changing consumer preferences Temporary shortage … Continued

Since Q1 2020, Covid-19 cases have spread all over the world, but particularly in Europe and North America. Within Europe, Spain is in 6th place in terms of the number of cases per million inhabitants, and in 7th position for the number of deaths per million inhabitants. The vaccination process is advancing in Europe, headed … Continued

In 2020, Iceland, Switzerland and Norway are top of the Global Retirement Index which assesses pensioners’ welfare and financial security. Future retirement security could be at risk as a result of the recent situation caused by Covid-19. Five main risks have been identified. Spain drops for the second year consecutively. It currently holds the 32nd … Continued

Even though present society is going through an extraordinary process of transformation and economic growth, it is of the utmost importance to tackle climate change to ensure that such growth is sustainable. In the last 100 years, worldwide CO emissions have increased tenfold, with China and the US emitting the most, According to the Global … Continued

Population ageing is a global phenomenon that predominantly affects the most advanced countries due to the declining fertility rates and rising life expectancy. Spain is one of the longest-lived and most ageing countries in the world. It also has one of the lowest fertility rates (1.25) of the OECD countries, with a negative natural change … Continued

When in 1889 the German Chancellor Otto Von Bismarck created the first public pension system, he set the age of retirement at 70. Almost two decades following his death and shortly before the outbreak of the First World War, Germany reduced this to 65. When the most developed countries approached the matter of the various … Continued

The Círculo de Empresarios has launched Ten pressing issues for the Spanish Health system in 2019 today, a book that collects a series of improvement proposals in different aspects about a key pillar for our Welfare State. The presentation of this publication has been carried out by the Chairman of the Círculo de Empresarios, John … Continued

In this infographic we present the situation of the pension system in Spain.

Alongside growth and corporate responsibility, institutional quality represents one of the three centerpieces guiding the considerations of the Círculo de Empresarios. It has been a fundamental issue of our concern since the beginning of our association more than forty years ago. It can be shown empirically that the progress and well-being of society are intricately bound up with the quality … Continued

Spain needs to put together an inclusive plan that mobilises and inspires us, and that provides structure for us all. This should be along the lines of what occurred with the recovery of our freedom and democracy, the development of our welfare state, and our fully-fledged incorporation into Europe from which we had felt (to … Continued