Culotta, Fabrizio - In: Risks : open access journal 9 (2021) 3, pp. 1-22
This work documents a persistent life expectancy heterogeneity by gender and geography in Italy during the period 1995-2019. Based on deviations of life expectancy at age 65, it quantifies the implicit tax/subsidy mechanism triggered when pensions annuities are computed by adopting the same...