Population Dynamics and Regional Social Security Sustainability in Italy

Mariangela Bonasia () and Rita De Siano ()

Discussion Papers from CRISEI, University of Naples "Parthenope", Italy

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.

Keywords: Demographic aging; public pensions; interregional migration; regional differences; panel data analysis. (search for similar items in EconPapers)
JEL-codes: H55 J11 R23 (search for similar items in EconPapers)
Date: 2012-10-10
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Journal Article: Population Dynamics and Regional Social Security Sustainability in Italy (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:crj:dpaper:14_2012

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