23:14 hours JL Conde Ruiz, Professor of Economics, co-editor and author of the blog NadaesGratis.es book.. What will happen to my pension?: ''Pensions will be lower and will need to work harder In 2050 some will complement his pension with work.'' Garicano clarifies: ''Not that pensions are to be minor, is that they will lower compared to last salary, but higher because the economy will improve.''

Garicano 23:11 hours. "The pension system is a pact between the young and old (...) No savings (...) As there are few young and many older, the covenant is difficult to maintain (...) Except for those who believe in Santa Claus and believe that we can retire earlier (...) endure pensions, the system will be sustainable but will be lower pensions. The pensions will depart from the basic wage.''

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