This paper considers the issue of actuarial fairness of the new Italian public pension system in view of the recent trends in old-age mortality and the survival differences by gender, birth cohort and region of residence.3 Section 2 reviews the secular trends in elderly mortality in Italy,...

This paper describes the life-cycle alcohol consumption patterns of Italian households by decomposing gender, cohort, age and time effects and estimates the importance of demographic characteristics using a double hurdle model. The application is based on ISTAT households expenditure survey for...

The main goal of this paper is to estimate the preferences of the Italian society towards equity in order to verify whether preferences i) have changed across the years, and ii) can be related to specific sociodemographic characteristics. Introducing equity concerns in the implementation of...

A large literature has studied the effects of PAYG systems on fertility, human capital and growth. We argue that the social security system may also interact with longevity when the latter is endogenously determined. We show that in such an environment, in a dynamically efficient economy PAYG...

In order to determine how much money is needed to make each household member as well off as they were before a change in living conditions, equivalence scales should be defined on the basis of individual rather than household welfare. This requires the knowledge of individual utilities that are...

We formulate a model of household behavior in which cooperation is costly and in which these costs vary across households. Some households rationally decide to behave noncooperatively, which in our context is an e?cient outcome. An intriguing feature of the model is that, while the welfare of...

The sentiments felt by capital owners and local workers and consumers towards migrants may improve when temporary migration policies are adopted. The observed level of exertion of effort by migrants, which decreases during their duration in the host country, positively affects production, real...

This paper estimates the rule governing the intra-household resource allocation between the husband and the wife representing children’s interests using 1996 data for the African society of Djibouti. In the Horn of Africa the consumption of qat (a substance similar to amphetamine) is an...

Incorporating equity considerations in comparisons of economic policies is always challenging. This paper uses a social welfare function, a la Jorgenson and Slesnick, incorporating both e±ciency and equity to estimate society's preferences toward inequality. The function is based upon a...

There have been few theoretical analyses of this relationship. Weiss and Willis (1985) provide one theoretical motivation for the positive relationship between the non custodial parent’s contact time with the child and their level of transfers. They claim that increased contact time allows...