Contenuto in:
Capitolo

A Prospective Sustainability Indicator for Pension Systems

  • Fabrizio Culotta

This work proposes an informative system to monitor pension systems by integrating pension and labor market statistics. This more comprehensive system is used to build an indicator to measure prospectively the sustainability of pension systems. The set of indicators is divided into two groups, each tracking pension contributions and payments flows. Each flow is composed by the product of three statistics: a statistics for the extensive margin, i.e. how many contributors and retirees, one for the intensive margin, i.e. how much workers contribute and pensioners receive pensions, and one for the durational margin, i.e. for how long workers contribute and retirees receive pensions. As such, the statistical content is coherent with the set of pension indicators considered by Eurostat and OECD. Statistics are extracted from Eurostat database and ensure cross-country comparability. The advantage of this approach is twofold. Firstly, it allows reflecting specificities of each pension regimes, characterized by own specific contribution rules and pension formulas, without explicitly account for them. Secondly, it allows to relate the assessment of sustainability of pension systems to the dynamics of labor markets since it explicitly takes into account the distribution of wages, the duration of working life, the distribution of old-age pensions and the life expectancy at retirement. An application on a pool of seven European countries (Austria, Finland, France, Germany, Italy, the Netherlands) is provided for the period 2015 - 2019. The indicator for the prospective sustainability of pension systems is compared across two other alternatives to stress the contribution of each margin. These alternatives are then compared with a benchmark indicator and their correlations are measured.

  • Keywords:
  • Pension Systems,
  • Labor Market,
  • Sustainability,
  • Indicators,
+ Mostra di più

Fabrizio Culotta

University of Genoa, Italy - ORCID: 0000-0002-3910-3088

  1. Bravo, J. M., & Herce, J. A. (2020). Career breaks, Broken pensions? Long-run effects of early and late-career unemployment spells on pension entitlements. Journal of Pension Economics & Finance, 1-27.
  2. Holzmann, R. (2005). Old-age income support in the 21st century: An international perspective on pension systems and reform. World Bank Publications.
  3. Mercer, Melbourne (2015). Melbourne Mercer Global Pension Index.
  4. Mercer, Melbourne (2016). Melbourne Mercer Global Pension Index.
  5. Mercer, Melbourne (2017). Melbourne Mercer Global Pension Index.
  6. Mercer, Melbourne (2018). Melbourne Mercer Global Pension Index.
  7. Mercer, Melbourne (2019). Melbourne Mercer Global Pension Index.
  8. Whitehouse, E. (2012). Pension indicators: reliable statistics to improve pension policymaking (No. 70347, pp. 1-12). World Bank Publications.
PDF
  • Anno di pubblicazione: 2021
  • Pagine: 209-214

XML
  • Anno di pubblicazione: 2021

Informazioni sul capitolo

Titolo del capitolo

A Prospective Sustainability Indicator for Pension Systems

Autori

Fabrizio Culotta

Lingua

English

DOI

10.36253/978-88-5518-461-8.39

Opera sottoposta a peer review

Anno di pubblicazione

2021

Copyright

© 2021 Author(s)

Licenza d'uso

CC BY 4.0

Licenza dei metadati

CC0 1.0

Informazioni bibliografiche

Titolo del libro

ASA 2021 Statistics and Information Systems for Policy Evaluation

Sottotitolo del libro

BOOK OF SHORT PAPERS of the on-site conference

Curatori

Bruno Bertaccini, Luigi Fabbris, Alessandra Petrucci

Opera sottoposta a peer review

Anno di pubblicazione

2021

Copyright

© 2021 Author(s)

Licenza d'uso

CC BY 4.0

Licenza dei metadati

CC0 1.0

Editore

Firenze University Press

DOI

10.36253/978-88-5518-461-8

eISBN (pdf)

978-88-5518-461-8

eISBN (xml)

978-88-5518-462-5

Collana

Proceedings e report

ISSN della collana

2704-601X

e-ISSN della collana

2704-5846

239

Download dei libri

350

Visualizzazioni

Salva la citazione

1.388

Libri in accesso aperto

in catalogo

2.597

Capitoli di Libri

4.205.799

Download dei libri

4.979

Autori

da 1067 Istituzioni e centri di ricerca

di 66 Nazioni

70

scientific boards

da 375 Istituzioni e centri di ricerca

di 43 Nazioni

1.304

I referee

da 397 Istituzioni e centri di ricerca

di 38 Nazioni