Survival inequalities and redistribution in the Italian pension system

Graziella Caselli; Rosa Maria Lipsi

doi:doi:10.1553/populationyearbook2018s083

Vienna Institute of Demography (Ed.)

Vienna Yearbook of Population Research 2018

Broadening demographic horizons

ISSN 1728-4414
Print Edition
ISSN 1728-5305
Online Edition
ISBN 978-3-7001-8364-8
Print Edition
ISBN 978-3-7001-8436-2
Online Edition

doi:10.1553/populationyearbook2018
Vienna Yearbook of Population Research 2018
2018
Open access

Introduction

Broadening Demographic Horizons: Demographic Studies Beyond Age and Gender
Alexia Prskawetz, Warren Sanderson, Sergei Scherbov

Demographic Debate

Are there principles of demography? A search for unifying (and hegemonic) Themes
William P. Butz

Can Taylor's law of fluctuation scaling and its relatives help select more plausible multi-regional population forecasts?
Joel E. Cohen, Helge Brunborg, Meng Xu

Probabilistic demographic forecasts
Nico Keilman

Education and demography: a review of world population and human capital in the 21st century
Philip Rees

Research Articles

Population dynamics and human capital in Muslim countries
Mohammad Jalal Abbasi-Shavazi, Gavin W. Jones

Survival inequalities and redistribution in the Italian pension system
Graziella Caselli, Rosa Maria Lipsi

Does education matter? – economic dependency ratios by education
Alexia Prskawetz, Bernhard Hammer

Multistate projections of Australia’s Indigenous population: interacting area group and identification status change
James Raymer, Yanlin Shi, James O'Donnell, Nicholas Biddle

The end of population ageing in the more developed world
Warren Sanderson, Sergei Scherbov, Patrick Gerland

From intentions to births: paths of realization in a multi-dimensional life course
Maria Rita Testa, Francesco Rampazzo

Towards causal forecasting of international migration
Frans Willekens

Data and Trends

Summary of Demographic and human capital scenarios for the 21st century: 2018 assessment for 201 countries
Nicholas Gailey, Wolfgang Lutz

"Express transitioning" as a special case of the demographic transition
Marc Luy, Bernhard Köppen

Verlag der Österreichischen Akademie der Wissenschaften
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Vienna Yearbook of Population Research 2018
ISSN 1728-4414
Print Edition
ISSN 1728-5305
Online Edition
ISBN 978-3-7001-8364-8
Print Edition
ISBN 978-3-7001-8436-2
Online Edition

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doi:10.1553/populationyearbook2018s083

Online Edition

Table of Contents

Vienna Institute of Demography (Ed.)

Vienna Yearbook of Population Research 2018

Broadening demographic horizons

ISSN 1728-4414
Print Edition
ISSN 1728-5305
Online Edition
ISBN 978-3-7001-8364-8
Print Edition
ISBN 978-3-7001-8436-2
Online Edition

doi:10.1553/populationyearbook2018
Vienna Yearbook of Population Research 2018
2018
Open access

Graziella Caselli,

Rosa Maria Lipsi

Survival inequalities and redistribution in the Italian pension system ()

S. 083 - 110
doi:10.1553/populationyearbook2018s083

Open access

Verlag der Österreichischen Akademie der Wissenschaften

doi:10.1553/populationyearbook2018s083

Abstract:
The public pension system in Italy is a defined contribution scheme based on the principle of actuarial fairness. The pension annuity is calculated starting from capitalised value and the Legislated Conversion Factors (LCFs) for each retirement age. The demographic parameters used by legislators in computing the LCFs are the survival probabilities of an average Italian, irrespective of gender or any characteristic except age. The aim of this paper is to analyse the impact of the differences in survival between men and women, and between individuals with different educational levels, on the calculation of the pension annuity, starting from the specific Conversion Factors (CFs). The gap between the LCFs and the factors obtained by allowing for differential survival across gender and socio-demographic groups (CFs) gives us a means of making a quantitative assessment of the implicit redistributive impacts of the annuity redistribution from individuals with a lower life expectancy to individuals with a higher life expectancy.

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Verlag der Österreichischen Akademie der Wissenschaften
Austrian Academy of Sciences Press

A-1011 Wien, Dr. Ignaz Seipel-Platz 2
Tel. +43-1-515 81/DW 3420, Fax +43-1-515 81/DW 3400
https://verlag.oeaw.ac.at, e-mail: verlag@oeaw.ac.at