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Culotta, F., Alaimo, L. S., Bravo, J., di Bella, E. & Gandullia, L. (2022). Total-employed longevity gap, pension fairness and public finance: Evidence from one of the oldest regions in EU. Socio-Economic Planning Sciences. 82
F. Culotta et al., "Total-employed longevity gap, pension fairness and public finance: Evidence from one of the oldest regions in EU", in Socio-Economic Planning Sciences, vol. 82, 2022
@article{culotta2022_1766474110288,
author = "Culotta, F. and Alaimo, L. S. and Bravo, J. and di Bella, E. and Gandullia, L.",
title = "Total-employed longevity gap, pension fairness and public finance: Evidence from one of the oldest regions in EU",
journal = "Socio-Economic Planning Sciences",
year = "2022",
volume = "82",
number = "",
doi = "10.1016/j.seps.2021.101221",
url = "https://www.sciencedirect.com/journal/socio-economic-planning-sciences"
}
TY - JOUR TI - Total-employed longevity gap, pension fairness and public finance: Evidence from one of the oldest regions in EU T2 - Socio-Economic Planning Sciences VL - 82 AU - Culotta, F. AU - Alaimo, L. S. AU - Bravo, J. AU - di Bella, E. AU - Gandullia, L. PY - 2022 SN - 0038-0121 DO - 10.1016/j.seps.2021.101221 UR - https://www.sciencedirect.com/journal/socio-economic-planning-sciences AB - This work analyses the mortality differential between the total and the employed population for the Italian region of Liguria in 2015-2019. Values for life expectancy at ages [65, 74) are used to quantify the transfer mechanism implicitly triggered when, in the case of persistent longevity heterogeneity, a country-wide longevity factor is adopted in calculating pension annuities. Results confirm that a lower mortality force characterises the employed population of Liguria compared to the total population. In terms of implicit tax/subsidy rates, Liguria total population is almost unaffected, being taxed by an average of 0.05% of the fair value for pension. Instead, Liguria employed population is subsidised by 6.24%. Longevity heterogeneity directly impacts on public finances, if not compensated within the same cohort by socio-economic groups living shorter. Some corrective policies are discussed. ER -
English