Leader: Diego Ciccone (GENERALI), Agar Brugiavini (UNIVE); Other collaborator(s): Massimo Costabile (UNICAL)
Critically analyze markets for insurance provisions and provide estimates and future projections of the sustainability insurance/welfare systems in relation to the public/private mix. Simulate the impact of different longevity patterns, but also labour force participation/migration in different sectors of the economy. Provide technical solutions in different risk-environments that satisfy the demand for insurance (including LTC) also in relation to the financial and health literacy.Include models of home-ownership as models of insurance.
Brief description of the activities and of the intermediate results:
The research deepens the changes that the DL 105/2022, implementing the Directive n. 1158/2019, has led to workers who assist dependent families, as well as the changes provided by agile work and other forms of work flexibility. The new guarantees have been explored considering the special needs and problems that workers with elderly family members must face.
Main policy, industrial and scientific implications
Insights on «Caring and the labour market» are provided within the Italian context.
Brief description of the activities and of the intermediate results:
Spatial inequalities and gender differences are the main drivers of unequal ageing.
1. Preliminary estimates show marked geographical patterns, which may contribute significantly to differences in the access to services for older people, suggesting differential resilience to unexpected shocks.
2. The gender gap in mean retirement income increases across cohorts and with age, but the relative gender gap decreases and survivor’s benefits reduce the gap remarkably, especially late in life: hence it is important to consider the whole “welfare package” within the family.
Brief description of the activities and of the intermediate results:
From a universality perspective, the research focused on pension protection for self-employed workers, Inquiring about the inclusive potential of special management for specific worker categories and separate INPS management.
Main policy, industrial and scientific implications
Insights on «Caring and the labour market» are provided within the Italian context.
Brief description of the activities and of the intermediate results:
In terms of active aging in the workplace, the research focused on the contractual obligations of employers and rights of older employees.
Main policy, industrial and scientific implications
Political implications: Implement economic support plans for businesses through incentives or tax relief to encourage policies valuing older employees' skills.
Dissemination Events:
- XLVII Annual Meeting of the Italian Association for Mathematics Applied to Social and Economic Sciences University of Milano-Bicocca, September 20-21-22, 2023
- 26th International Congress on Insurance: Mathematics and Economics, 04 - 07 July 2023,
Heriot-Watt University, Edinburgh, p.14
- the 26th International Congress on Insurance: Mathematics and Economics, 04 - 07 July 2023,
Heriot-Watt University, Edinburgh
- the 20th Conference of the Applied Stochastic Models and Data Analysis International Society ASMDA2023 and Demographics2023 Workshop, 6-9 June 2023, Heraklion, Crete, Greece.
- AHL-Napoli 2023: Scaling-up digital solutions for active and healthy living: implementing across scientific disciplines, industrial sectors and scenarios, University of Naples Federico II, 13-15 November 2023
- International Conference on Scientific Computing, Modeling and Simulation (ICSCMS-23), 29th November 2023, London, UK
- International Conference “Mathematical and Statistical Methods for Actuarial Sciences and Finance. MAF 2024”. University of Le Havre Normandie, Le Havre Cedex, April 4-6, 2024
- The 1st SWUFE-Sapienza International Finance Workshop,
- AGE-It General Meeting. Age-It announced the Call for Papers for the General Meeting, organized by Spoke 6, which took place in Venice at the Ca’ Foscari University from May 20th to May 22nd at San Giobbe Economic Campus – Cannaregio 873 – 30121 Venice. During the meeting, parallel sessions were hold dedicated to the research conducted by members of the Age-It community. Each session focused on a broad theme with contributions from various disciplines. Every session emphasized the implications of the research for practice and policies in the biomedical, demographic, social, and economic fields, and/or on technological innovation. The General Meeting was an important dissemination event that reached and engaged more than 400 participants. The main results presented and discussed at the Age-It general meeting, received significant attention by the research community and are expected to influence both practice and policies for an active and healthy ageing.
- 33rd European Conference on Operational Research, 30th June-3rd July 2024, Technical University of Denmark (DTU), Copenhagen, Denmark
- Scandinavian Actuarial Conference 2024, University of Copenhagen, Denmark – August 14-16, 2024
- XLVIII Annual Conference of the Association for Mathematics Applied to Social and Economic Sciences (AMASES). Ischia, September 5-6-7, 2024.
Scientific Outputs:
- Domenico De Giovanni; Marco Pirra; Fabio Viviano, Joint mortality models based on linear hypercubes, Working paper 2023
- - Apicella G., E. Di Lorenzo, G. Magni, M. Sibillo: Longevity comparison by gender: exploring the future through an evidence-based approach, 2023
- Apicella G., E. Di Lorenzo, G. Piscopo, M. Sibillo: The Functional Clustering of the Mortality Gender Gap: A Multi- country Analysis, 2023
- G. Apicella, E. De Giorgi, E. Di Lorenzo and M. Sibillo: The Gender Longevity Gap: improving economic decisions through demographic literacy. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4331841#Swiss Finance Institute Research Paper No. 23-02
- E. Di Lorenzo, F. Rania, M. Sibillo, A. Trotta: Meeting the challenges of longevity: lifetime income from real estate. In: Corazza, M., Gannon, F., Legros, F., Pizzi, C., Touzé, V. (eds) Mathematical and Statistical Methods for Actuarial Sciences and Finance. MAF 2024. Springer, Cham. https://doi.org/10.1007/978-3-031-64273-9_21, ISBN 978-3-031-64272-2, pp. 124-129.
- G. Apicella, E. Di Lorenzo, G. Magni, M. Sibillo: The cost of retirement income provision: some quantitative insights in life insurance. . In: Corazza, M., Gannon, F., Legros, F., Pizzi, C., Touzé, V. (eds) Mathematical and Statistical Methods for Actuarial Sciences and Finance. MAF 2024. Springer, Cham. https://doi.org/10.1007/978-3-031-64273-9_1, ISBN 978-3-031-64272-2, pp. 1-6.
- E. Di Lorenzo, G. Piscopo, M. Sibillo, A. Trotta: Looking toward the future: well-ageing solutions from the equity release mortgage. Encyclopedia of Monetary Policy, Financial Markets and Banking, Editor: Nicholas Apergis, Elsevier, 2024, ISBN 9780443157851, https://doi.org/10.1016/B978-0-44-313776-1.00267-1.
- G. Apicella, E. De Giorgi, E. Di Lorenzo and M. Sibillo: Financial and Demographic Literacy: Monetizing the Gender Mortality Gap. Applied Stochastic Models in Business and Industry, Applied Stochastic Models in Business and Industry, DOI: 10.1002/asmb.2876, 2024, pp. 1-23 https://onlinelibrary.wiley.com/doi/10.1002/asmb.2876
- R. Blundell, M. Borella, J. Commault, and M. Nardi (2023) Old Age Risks, Consumption, and Insurance. NBER Working Paper No. 2734
- Rosa Casillo, Permessi e agevolazioni per i lavoratori caregivers familiari (art. 3, comma 1, lett. B, d.lgs. n. 105/2022) in Fili, Garofalo, Tiraboschi, Trojsi, Trasparenza e attività di cura nei contratti di lavoro. Commentario ai decreti legislativo n. 105 e n. 105 del 2022, Adapt Labour Studies e-Book series n. 96, Adapt University Press, 2023, Tomo II, pp. 568- 576, ISBN 979-12-80922-15-1.
- Zied Chaieb, Domenico De Giovanni & Djibril Gueye (10 Oct 2023): Two hybrid models for dependent death times of couple: a common shock approach, Scandinavian Actuarial Journal, DOI: 10.1080/03461238.2023.2264555
- Devolder, E. Russo, Alessandro Staino: A flexible lattice model for fair policy valuations under multiple risk factors. Astin Bulletin (2024)
- Claudio Daminato, Mario Padula: The Life-Cycle Effects of Pension Reforms: A Structural Approach, Journal of the European Economic Association, 2023; jvad049, https://doi.org/10.1093/jeea/jvad049
- R. Casillo: La tutela in età di vecchiaia per i lavoratori non subordinati. In corso di stampa Collana di Diritto della sicurezza sociale
- Debon, S. Haberman, G. Piscopo: Multipopulation mortality analysis: bringing out the unobservable with latent clastering. Quality and Quantity, August 2023
- G. Apicella, E. Di Lorenzo, G. Piscopo, M. Sibillo: Lee-Carter model: Assessing the potential to capture gender-related mortality dynamics. Decisions in Economics and Finance (2023) https://doi.org/10.1007/s10203-023-00417
- E. Di Lorenzo, G. Piscopo, M. Sibillo: Addressing the economic and demographic complexity via a neural network approach: risk measures for reverse mortgages. Computational Management Science 21, 11 (2024) https://doi.org/10.1007/s10287-023-00491-x
- E. Di Lorenzo, G. Piscopo, M. Sibillo: Reverse Mortgage: some remarks on the interplay between contract benefit and borrower’s age. Working paper (2023)
- E. Di Lorenzo, G. Piscopo, M. Sibillo: Multi country investigation of the Healthy Life Expectancy. Abstract. AHL-Napoli 2023: Scaling-up digital solutions for active and healthy living: implementing across scientific disciplines, industrial sectors and scenarios, University of Naples Federico II, 13-15 November 2023 (2023)
- Z. Chaieb, D. De Giovanni, D. Gueye (10 Oct 2023): Two hybrid models for dependent death times of couple: a common shock approach, Scandinavian Actuarial Journal, DOI: 10.1080/03461238.2023.2264555 https://doi.org/10.1080/03461238.2023.2264555
- R. Blundell, M. Borella, J. Commault, and M. Nardi (2023) Old Age Risks, Consumption, and Insurance. NBER Working Paper No. 27348
- Rosa Casillo: Invecchiamento e lavoro. Federalismi, ISSN 1826-3534
Numero 19, 2024, pp. 21-53
- Rosa Casillo: L’universalità della tutela di pensione per i lavoratori autonomi. Dottrina Previdenza - il Lavoro nella Giurisprudenza 7/2024, pp. 653-660