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Population Dynamics and Regional Social Security Sustainability in Italy

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  • Mariangela Bonasia
  • Rita De Siano

Abstract

Making due allowances for differences in demographics, the labour market and internal migration dynamics, this study analyses the sustainability of the Italian pension balance at a regional level. A worsening of the elderly dependency ratio and a decline in birth and employment rates have generated a negative trend particularly for regions in southern Italy, characterized by early retirement and an increase in migration outflows. The suggestion is that a decentralized pension policy is not a Pareto-efficient solution because it would favour the sustainability of the pension balance in northern regions over those in the South.

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Bibliographic Info

Paper provided by CRISEI, University of Naples "Parthenope", Italy in its series Discussion Papers with number 14_2012.

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Date of creation: 10 Oct 2012
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Handle: RePEc:crj:dpaper:14_2012

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Keywords: Demographic aging; public pensions; interregional migration; regional differences; panel data analysis.;

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  8. Federico Revelli, 2004. "Performance Rating and Yardstick Competition in Social Service Provision," CESifo Working Paper Series 1270, CESifo Group Munich.
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  10. Storesletten, Kjetil, 1998. "Sustaining Fiscal Policy Through Immigration," Seminar Papers 664, Stockholm University, Institute for International Economic Studies.
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  12. Juan A. Rojas, 2002. "Immigration And The Pension System In Spain," Economics Working Papers we023916, Universidad Carlos III, Departamento de Economía.
  13. Salvatore Capasso & Maria Rosario Carillo & Rita De Siano, 2012. "Migration Flows, Structural Change And Growth Convergence: A Panel Data Analysis Of The Italian Regions," Manchester School, University of Manchester, vol. 80(4), pages 468-498, 07.
  14. Razin, Assaf & Sadka, Efraim, 1995. "Resisting Migration: Wage Rigidity and Income Distribution," American Economic Review, American Economic Association, vol. 85(2), pages 312-16, May.
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