Work Life Expectancy: Calculating Compensation for Loss of Future Earnings

Butt, Zoltan; Verrall, Richard; Haberman, Steven; Wass, Victoria

doi:10.1177/002029401004300504

Cited by 1 publication

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References 11 publications

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“…In Europe, WLE has been previously studied for a limited number of countries only: Denmark (Hoem 1977); the UK (Butt et al 2008(Butt et al , 2010Haberman and Bloomfield 1990); Finland (Leinonen et al 2015;Nurminen et al 2005); and, recently, Spain (Dudel et al 2018). Estimates for a longer list of countries are routinely published by Eurostat (Loichinger and Weber 2016), but are built on prevalence based Sullivan's method, which can produce severely biased estimates in particular if the incidence rates are changing (e.g.…”

Section: Working Life Expectancymentioning

confidence: 99%

The Legacy of the Great Recession in Italy: A Wider Geographical, Gender, and Generational Gap in Working Life Expectancy

2018

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Under the pressure of population aging the Italian pension system has undergone reforms to increase labor force participation and retirement age, and, thus, the length of working life. However, how the duration of working life has developed in recent years is not well understood. This paper is the first to analyze trends in working life expectancy in Italy. We use data from a nationally representative longitudinal sample of 880,000 individuals from 2003 to 2013 and estimate working life expectancy by gender, occupational category, and region of residence using a Markov chain approach. We document large and increasing heterogeneity in the length of working life. From 2003From -2004From to 2012From -2013, working life expectancy for men declined from 35.2 to 27.2 years and for women from 34.7 to 23.7 years, increasing the gender gap to 3.5 years. Both young and old were hit, as roughly half of the decline was attributable to ages below 40, half above 40. Working life expectancy declined for all occupational groups, but those in manual occupations lost most, 8.5 years (men) and 10.5 years (women). The North-South economic gradient widened such that men living in the North were expected to work 8 years longer than women living in the South. The fraction of working life of total life expectancy at age 15 declined to record lows at 40% for men and 34% for women in 2012-2013. Policies aiming Electronic supplementary material The online version of this article (https ://doi.org/10.1007/s1120 5-018-1910-7) contains supplementary material, which is available to authorized users. 3at increasing total population working life expectancy need to take into consideration the socio-demographic disparities highlighted by our results.

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