Balancing the welfare state
The welfare state favours the elderly over the child population throughout its life cycle
1The welfare state has replaced family transfers asymmetrically, favouring resources allocated to the elderly over those allocated to the child population.
2The economic crisis of 2008 has aggravated this situation in Spain; this juncture accounts for the increase in child poverty, which is higher than that found in the rest of the population.
3As a result of population ageing, the bias in intergenerational transfers works in favour of the political sustainability of the system, but against its financial sustainability.
4With the aim of guaranteeing the financial sustainability of the welfare state, redistributive systems should be designed taking into consideration their impact on the whole of the life cycle.