Longevity risk threatens the financial stability of private and government sponsored defined benefit pension systems as well as social security schemes, in an environment already characterized by persistent low interest rates and heightened financial uncertainty. The mortality experience of...

The risk profile of an insurance company involved in annuity business is heavily affected by the uncertainty in future mortality trends. It is problematic to capture accurately future survival patterns, in particular at retirement ages when the effects of the rectangularization phenomenon and...

The present study is aimed at contributing to the ongoing debate about the implications of the incoming recruitment system as proposed by Law 240/2010 (Gelmini's reform). For this purpose, the main implications of the two alternative criteria respectively proposed by the National Agency for the...

It is known that existing measures of intra-generational (within cohorts) redistribution induced by pension schemes may prove highly misleading in the presence of inter-generational (between cohorts) redistribution. In this paper we show that the Kakwani progressivity index, extended to account...

Opportunity egalitarians support rich-to-poor redistribution whenever this allows for the compensation of income disparities due to non-responsible choices (circum- stances). In this paper we investigate the measurement of opportunity inequality within Roemer's (1993) pragmatic theory where...

Citation indexes have attracted the interest of many researchers in the recent years. In this paper we propose a new class of citation indexes which is shown to generalize most of the citation indexes in the existing literature (h-, g-, f-, t-index). The class of indexes is obtained borrowing...