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• W4311717015 endingPage "16274" @default.
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• W4311717015 abstract "The COVID-19 pandemic is presently influencing the financial sustainability and the social adequacy of public pension schemes. In this paper, we measure the effects of COVID-19 on the Italian public pension system by introducing a deterministic shock due to the pandemic in the evolution of the variables mainly involved in the system’s evaluation. These variables, namely the unemployment rate, wage growth rate, inflation rate, and mortality rates, are modeled in a stochastic framework. Our results show that COVID-19 worsens the financial sustainability of the pension system in the short–medium term, while it does not appreciably affect social adequacy in the medium term. The Italian pension system already showed a social adequacy problem before 2020, which the pandemic does not further deteriorate essentially." @default.
• W4311717015 created "2022-12-28" @default.
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• W4311717015 date "2022-12-06" @default.
• W4311717015 modified "2023-10-14" @default.
• W4311717015 title "Measuring Financial Sustainability and Social Adequacy of the Italian NDC Pension System under the COVID-19 Pandemic" @default.
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• W4311717015 doi "https://doi.org/10.3390/su142316274" @default.
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