Documents Richiardi, Matteo 4 results

"Le disuguaglianze professionali nella speranza di vita, osservate in Italia finora solo a livello di aree metropolitane negli anni Novanta, hanno sollevato dubbi circa l'equità attuariale degli effetti distributivi dell'attuale sistema contributivo di stima dei benefici pensionistici.I risultati preliminari di uno studio condotto su un campione della popolazione lavorativa italiana del settore privato mostra, per la prima volta a livello nazionale, l'esistenza di disuguaglianze significative nella speranza di vita negli anni Duemila a svantaggio delle carriere professionali con meno reddito e qualifica operaia; questo viene corroborato da analoghi risultati ottenuti aggiornando agli anni Duemila l'osservazione dello Studio longitudinale torinese.Il presente studio suggerisce che, per ragioni di equità attuariale, l'algoritmo di stima dei benefici pensionistici della riforma Dini potrebbe incorporare la dimensione delle differenze di speranza di vita per carriera lavorativa."

"This paper uses the marked divergence in labour force participation trends between the US and the UK to probe underlying drivers and implications for recent US poor performance. Contrary to a common US narrative, our comparative perspective suggests that the relative decline in US labour force participation is not confined to the (white) male population: the divergence in female participation rate is even more pronounced. We also do not find evidence that the poor US performance is linked to some structural changes brought about by the financial crisis; instead, it is a more pervasive, longer-run phenomenon. Our multivariate analysis seeks to disentangle age, cohort, and period effects, and shows that the US is particularly ill-equipped to deal with the looming ageing of the Baby Boom generation. An Oaxaca decomposition shows that the relative decline of US participation rates with respect to the UK is roughly equally attributable to characteristics, which have become less favourable over time, and the impact of those characteristics, which have become more adverse to participation."

"We propose a model-based decomposition method for the aggregate labour share in terms of the first moments of the joint distribution of total factor productivity, market power, wages and prices, and apply it to UK manufacturing using firm-level data for 1998–2014. Contrary to a narrative focussing on increasing disparities between firms, the observed decline in the aggregate labour share over the period is driven entirely by the decline in the labour share of the representative firm, mostly due to an increasing disconnect between average productivity and real wages. Changes in the dispersion of firm-level variables have contributed to slightly contain this decline."