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This paper addresses the growing challenge of long-term care (LTC) dependency in aging populations by proposing the integration of LTC insurance with pension funds through the allocation of severance pay. A stochastic model is introduced to evaluate the financial sustainability and effectiveness of this approach, using Monte Carlo simulations to analyse the trade-offs between pension income and LTC benefits. The findings emphasize the need for welfare reforms and improved health and financial literacy to ensure broader adoption of LTC solutions, contributing to a more sustainable and equitable management of aging-related risks.

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Addressing Long-Term Care Risk Through Pension-Linked Insurance in the Italian Context: A Stochastic Approach Using Severance Pay Scheme

  • 会议论文

  • 发表日期：

    2025年

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  • Alberto Piscitelli

摘要

This paper addresses the growing challenge of long-term care (LTC) dependency in aging populations by proposing the integration of LTC insurance with pension funds through the allocation of severance pay. A stochastic model is introduced to evaluate the financial sustainability and effectiveness of this approach, using Monte Carlo simulations to analyse the trade-offs between pension income and LTC benefits. The findings emphasize the need for welfare reforms and improved health and financial literacy to ensure broader adoption of LTC solutions, contributing to a more sustainable and equitable management of aging-related risks.