Why do pensioners in the Basque Country have the highest pensions in the country?

Pensions will increase 3.8 percent by 2024. With the overall revaluation, Pais-Vasco retirees become the highest pension recipients in the country. On average, they receive €1,687.48, which is €300 more than the Spanish average.

In the general system, under the general regime, men receive an average of 2,144.92 euros and women receive 1,535.24 euros. This is €800 more than in Extremadura and €475 more than inMurcia.

Why such a big difference? Figures The average old age pension in Pais Vasco is close to 1,700 euros and exceeds 2,100 euros for men in the general regime. The answer lies in the historical production model and the wage levels associated with it. "Combine greater industrial weight - traditionally with better paid and stable positions - and greater''should shrink. Currently, the system reflects a wage level that is 20 percent above average in Pais Vasco, according to the National Institute of Statistics (INE).

Scientific and technical occupations play a role

Scientific and technical pursuits play a big role in Pais Vasco. "Productivity is higher and therefore wages are higher," he continues. Where occupations generate less value added, such as agriculture or services, pensions are lower. In Catalonia (the average pension in the general regime is 1,577.80 euros) it turns out to be lower than in Pais Vasco, Asturias, Madrid, Navarra, Cantabria or Aragon.

The difference between men and women

The downside of the Vasquez pension system, however, is the higher gap between how much a man and a woman earns. The gap reaches 609.68 euros in the general regime, while the national average difference is 489 euros. "The industries that create the difference, with higher salaries and contributions, are usually strongly male-directed, such as industry," says Joan Bernat Subiri. Only Navarra (647.81 euros), Asturias (634.59) and Catalonia (625.44) worsen the situation. "Positions requiring basic skills are mostly occupied by women, s''tendency towards temporary and part-time contracts, which means low salaries and contributions,' adds Llados. The gap between men and women is larger than average.

In addition to the higher cost of living in Vasque Country, their retirees' pensions help mitigate inflation. At these ages, "rising mortgages or rents have less of an impact because they own their own homes. Rising food prices have an impact, but the pension compensates. The average retiree's standard of living is higher in Vasquez Country," according to UPV-EHU.

Inflation and pensions increase

"The increase in pensions supports the purchasing power of vulnerable groups," Llados said. The increase in inflation has primarily affected basic commodities,