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- W2599921147 abstract "In this article, we assess, through an empirical investigation based on Italian data, howuncertainty regarding future mortality may affect public pension expenditure. Basedon a representative sample of Italian pensioners from 1985 to 2011, we find a consistentunderestimation of improvements seen in mortality and life expectancy when forecastsare based on expectations. The pension expenditure estimated using realized mortalityrates is shown to be consistently higher than that obtained by using average forecastedscenarios, produced with well-known stochastic mortality models. The paper highlightsthe importance of considering the uncertainty regarding future pension benfits, i.e. ofevaluating and managing the longevity risk in public pension plans." @default.
- W2599921147 created "2017-04-07" @default.
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- W2599921147 date "2017-01-01" @default.
- W2599921147 modified "2023-09-27" @default.
- W2599921147 title "The potential costs of Longevity Risk on Public Pensions. Evidence from Italian data" @default.
- W2599921147 hasPublicationYear "2017" @default.
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