Il Pay-as-You-Go pubblico e privato: davvero diversi? Un confronto Europa - Us

SALERNO, Nicola Carmine (2013): Il Pay-as-You-Go pubblico e privato: davvero diversi? Un confronto Europa - Us.

Abstract

Data from Stability Programs (European Countries) and from Us Congress Budget Office and Us Bureau of Census are collected to investigate the burden each worker will have to bear in the future in order to finance pension and health care provisions. If the private side of the system is based, exclusively or mainly, on the insurance pooling, is there any substantial difference between Europe and Us, with respect to future challenges. Is insurance pooling really different from pay-as-you-go financing, in a context of rapid population ageing? The structural roots of future challenges appears the same for Europe and Us, and perhaps also the policy solution. This paper is self standing but, at the same time, it is part of the broader project "Present and Future of PayGo in Italy, Europe and Us". All chapters will be collected in a book edited by Nicola Carmine Salerno.

• Item Type: MPRA Paper
• English Title: Are public PayGo and Insurance Pooling really so different? A Europe-Us comparison for the mid-long term
• Language: Italian
• Keywords: multipillar; multipillar system; pension; pensions; health care; insurance; paygo; pay as you go; pay-as-you-go; accumulation; pooling; insurance pooling; burden; active people; workers; long term; mid-long term; projections; welfare; welfare system; welfare institutions; structural reform; welfare reforming; welfare restructuring; ageing; population ageing; distortive effects; depressive effects; endogenous; endogenous growth; endogenous inefficiencies; finanza pubblica; public finances; scienza delle finanze; sustainability; public budget; pillar; pillars; private pillars; complementary pillars; pension funds; health care funds; Obama; Medicare; Medicaid
• Subjects: E - Macroeconomics and Monetary Economics > E0 - General; E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; H - Public Economics > H0 - General; H - Public Economics > H5 - National Government Expenditures and Related Policies > H50 - General; H - Public Economics > H5 - National Government Expenditures and Related Policies > H53 - Government Expenditures and Welfare Programs; H - Public Economics > H6 - National Budget, Deficit, and Debt > H60 - General; I - Health, Education, and Welfare > I0 - General > I00 - General; I - Health, Education, and Welfare > I1 - Health > I18 - Government Policy ; Regulation ; Public Health; J - Labor and Demographic Economics > J1 - Demographic Economics; J - Labor and Demographic Economics > J1 - Demographic Economics > J10 - General; J - Labor and Demographic Economics > J1 - Demographic Economics > J11 - Demographic Trends, Macroeconomic Effects, and Forecasts

References

(1) Stability Programs for European Countries (2013 edition) (2) Us Congress Budget Office (online dataset) (3) Us Bureau of Census - Population Division (online dataset)