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Population Dynamics and Regional Social Security Sustainability in Italy

  • Mariangela Bonasia
  • Rita De Siano

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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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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  2. Wildasin, D.E., 1992. "Income Restribution and Migration," Papers 92-003, Indiana - Center for Econometric Model Research.
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  5. Munz, Sonja & Werding, Martin, 2005. "Public pensions and international migration: some clarifications and illustrative results," Journal of Pension Economics and Finance, Cambridge University Press, vol. 4(02), pages 181-207, July.
  6. Razin, Assaf & Sadka, Efraim, 1999. "Migration and pension with international capital mobility," Journal of Public Economics, Elsevier, vol. 74(1), pages 141-150, October.
  7. Razin, A. & Sadka, E., 1999. "Unskilled Migration: a Burden or a Boon for the Welfare State?," Papers 8-99, Tel Aviv.
  8. Pierre Pestieau & Gwanaël Piaser & Motohiro Sato, 2006. "PAYG pension systems with capital mobility," International Tax and Public Finance, Springer, vol. 13(5), pages 587-599, September.
  9. 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.
  10. Timothy Besley & Anne Case, 1992. "Incumbent Behavior: Vote Seeking, Tax Setting and Yardstick Competition," NBER Working Papers 4041, National Bureau of Economic Research, Inc.
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  12. Razin, A. & Sadka, E., 1998. "Migration and Pension," Papers 16-98, Tel Aviv.
  13. Carl Schmertmann, 1992. "Immigrants’ ages and the structure of stationary populations with below-replacement fertility," Demography, Springer, vol. 29(4), pages 595-612, November.
  14. Alberto NICCOLI, 2004. "La riforma delle pensioni: un approccio territoriale," Working Papers 206, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali.
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