Cobas A.M. Chair for Savings and Pensions

Chair: Javier Díaz-Giménez

The Cobas A.M. Chair for Savings and Pensions is aimed at promoting knowledge exchange among companies, governments and academics, as well as studying the pension system in Spain and how it compares to other existing systems.

The Chair also aspires to investigate the fiscal reforms required for the long-term sustainability of the system, the corporate responsibility of entities necessary to promote beneficial change, and individual social security tools pertaining to retirement.

This Chair has been possible thanks to the support of Cobas Asset Management.

Objectives.

  • Disseminate complementary social security, trying to promote a mixed capitalization and pay-as-you-go model.
  • Build knowledge about the limitations of the public pension system and the risks it poses to new generations join the system.
  • Delve into the analysis of historical data through big data that gives visibility to proposed theoretical approaches.
  • Develop calculation tools that enable estimating the necessary savings based on particular needs at the time of retirement.

Chair.

Javier Díaz-Giménez is professor of economics at IESE.

Prof. Díaz-Giménez has dedicated most of his professional life to doing research and teaching macroeconomics. His recent work explores the macroeconomic consequences of fiscal policy and pension system reforms. He has published the results of his research in some of the leading professional journals such as the Journal of Political Economy and the Journal of Monetary Economics. He is also the author of the undergraduate textbook Macroeconomía: Primeros Conceptos (Macroeconomics: Primary Concepts).

Prof. Díaz-Giménez has consulted for the Spanish Ministry of Industry and, briefly, for the Economic Bureau of the Prime Minister of Spain.

Sponsor.

Cobas AM

Publications

Journal Articles (refereed)

DÍAZ GIMÉNEZ, J., PIJOAN-MAS, J. (2019). Investment expensing and progressivity in flat-tax reforms. Series-Journal of the Spanish Economic Association, 20 (3-4), 365 - 399. doi:10.1007/s13209-019-0193-9. DÍAZ GIMÉNEZ, J., DÍAS-SAAVEDRA, J. (2017). The Future of Spanish Pensions. Journal of Pension Economics & Finance, 16 (2), 233 - 265. doi:10.1017/S1474747216000093. DÍAZ GIMÉNEZ, J., DÍAS-SAAVEDRA, J. (2015). Spanish Minimum Pensions after the 2013 Pension Reform. Estudios de Economía Aplicada, 33 (3), 717 - 734. DÍAZ GIMÉNEZ, J., GIOLITO, E. (2013). Accounting for the Timing of First Marriage. International Economic Review, 54 (1), 135 - 158. doi:10.1111/j.1468-2354.2012.00728.x. DÍAZ GIMÉNEZ, J., GLOVER, A., RÍOS-RULL, J. V. (2011). Facts on the Distributions of Earnings, Income, and Wealth in the United States: 2007 Update. Federal Reserve Bank of Minneapolis Quarterly Review, 34 (1), 2 - 31. DÍAZ GIMÉNEZ, J., DÍAZ-SAAVEDRA, J. (2009). Delaying Retirement in Spain. Review of Economic Dynamics, 12 (1), 147 - 167. doi:10.1016/j.red.2008.06.001. DÍAZ GIMÉNEZ, J., GIOVANNETTI, G., MARIMON, R., TELES, P. (2008). Nominal Debt as a Burden on Monetary Policy. Review of Economic Dynamics, 11 (3), 493 - 514. doi:10.1016/j.red.2007.11.002. CASTAÑEDA, A., DÍAZ GIMÉNEZ, J., RÍOS-RULL, J. V. (2003). Accounting for the U.S. earnings and wealth inequality. Journal of Political Economy, 111 (4), 818 - 857. doi:10.1086/375382. BUDRÍA, S., DÍAZ GIMÉNEZ, J., QUADRINI, V., RÍOS-RULL, J. V. (2002). Updated facts on the U.S. distributions of earnings, income, and wealth. Federal Reserve Bank of Minneapolis Quarterly Review, 26 (3), 2 - 35. CASTAÑEDA, A., DÍAZ GIMÉNEZ, J., RÍOS-RULL, J. V. (1998). Exploring the Income Distribution Business Cycle Dynamics. Journal of Monetary Economics, 42 (1), 93 - 130. doi:10.1016/S0304-3932(98)00015-4.

Articles in other publications

MAS, N., DÍAZ GIMÉNEZ, J. (2022). What will the war in Ukraine mean for the economy? IESEconomics. MAS, N., DÍAZ GIMÉNEZ, J. (2022). ¿Qué supondrá la guerra de Ucrania para la economía? IESEconomics. DÍAZ GIMÉNEZ, J. (2021). Cinco características clave del bitcoin. IESEconomics. DÍAZ GIMÉNEZ, J. (2021). 5 key characteristics of Bitcoin -- and why we can't stop talking about it. IESEconomics. DÍAZ GIMÉNEZ, J. (2020). ¿Qué economías volverán a crecer en 2021? IESEconomics.

Books

DÍAZ GIMÉNEZ, J. (2019). Macroeconomics for nearly everyone. DÍAZ GIMÉNEZ, J. (2019). Macroeconomía para casi todos. DÍAZ GIMÉNEZ, J. (1999). Macroeconomía: Primeros conceptos. Lo que ejecutivos, empresarios y estudiantes necesitan saber. Barcelona: Antoni Bosch.

Book Chapters

DÍAZ GIMÉNEZ, J. (2009). Modelos y Métodos en la Macroeconomía Dinámica. En Juan Carlos García-Bermejo (Ed.), Sobre la Economía y sus Métodos. Madrid: Editorial Trotta S. A. DÍAZ GIMÉNEZ, J. (1999). Linear quadratic approximations: An introduction. In Ramon Marimon and Andrew Scott (Ed.), Computational Methods for the Study of Dynamic Economies (pp. 13 - 29). Cape Town: Oxford University Press.

Studies

BARCELÓ, S. P., CORONA, J. F., PUIG, M., ARGANDOÑA, A., CANALS, J., DÍAZ GIMÉNEZ, J., ... VIVES, X. (2020). El impulso del empleo y el relanzamiento de la empresa. algunas reflexiones para la acción. VIVES, X., XIFRÉ, R. (2014). Spanish Reform Monitor. ARGANDOÑA, A., DÍAZ GIMÉNEZ, J., DÍAZ-SAAVEDRA, J., ÁLVAREZ, B. (2013). El reparto y la capitalización en las pensiones españolas. TORIBIO, J. J., DÍAZ GIMÉNEZ, J., CAMPOS, R., GÓMEZ BENGOECHEA, G., ASEDAS (ASOCIACIÓN ESPAÑOLA DE DISTRIBUIDORES, AUTOSERVICIOS Y SUPERMERCADOS), ANGED (ASOCIACIÓN NACIONAL DE GRANDES EMPRESAS DE DISTRIBUCIÓN), ACES (ASOCIACIÓN DE CADENAS ESPAÑOLAS DE SUPERMERCADOS) (2012). La cadena agroalimentaria en España.