History of the Italian pension system from 1971 to 1991: Towards the economic-financial crisis
HISTORY OF ECONOMIC THOUGHT AND POLICY, 2022This paper aims to analyze the Italian pension system in the period between 1971 and 1991, highlighting the factors that contributed to producing a financial crisis that cast doubt on the sustainability of the entire pension structure. The measures put in place to contain expenditure, such as the raising of the age for ob-taining an old age pension and
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Older workers and pensioners: the challenge of ageing on the Italian public pension system and labour market [PDF]
We review the main challenges related to ageing in Italy. Given the key role that working longer may have in order to tackle those challenges, from both a financial sustainability and pension adequacy perspectives, we focus upon the several issues which are relevant in order to increase elderly employment.
Angelo Marano, Paolo Sestito
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In defining the role of flexibility in retirement, both empirical evidence and theoretical considerations play a role. Data on past retirement choices in Italy show that a uniform age of retirement is far from representing what has happened in this country in re- cent decades.
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Actuarial Neutrality when Longevity Increases: An Application to the Italian Pension System [PDF]
As a possible solution to the severe crises of the PAYGO pension systems induced by population aging and by low economic growth, many countries are recently switching from a defined benefit (DB) to a notional defined contribution (NDC) scheme. Particularly important for the NDC systems are the rules which establish how to incorporate life expectancies ...
Michele Belloni, Carlo Maccheroni
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T-DYMM : the treasury dynamic microsimulation model of the Italian pension system [PDF]
The long-term development of the social security system is a crucial policy issue in terms of both financial sustainability and adequacy, which constitute a difficult trade-off facing the policy maker. The particular complexity of this issue, also in the light of demographic dynamics and the recent economic crisis, has encouraged the development of ...
Alessandra Caretta +4 more
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Current Features and Future Problems of the Italian Pension System [PDF]
The paper analyzes the issue of the financial sustainability of the Italian Pension System in the long-run, by discussing the main reforms occurred in the last few years and by examining some recent data: in particular, the data of the Italian Agency for the Evaluation of Social Security Expenditure on the budget of specific funds of the Social ...
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The Environmental Social Governance (ESG) framework is a fundamental issue in every field of economics. Integrating ESG factors into business models, strategies, and policies is the new frontier for financial intermediaries as European policymakers, regulators, and investors increasingly require this.
Agnese P. +3 more
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Distributive Properties of Pensions Systems: A Simulation of the Italian Transition from Defined Benefit to Defined Contribution [PDF]
We analyse the distribution of pension benefits induced by pension systems moving from a defined benefit formula to a notional defined contribution one. We focus on the reforms that took place in Italy between 1992 and 2004, differently affecting various cohorts of workers.
BORELLA, Margherita, F. CODA MOSCAROLA
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The redistributive features of Italian Pension System: The importance of being neutral
2014The study investigates the redistributive features of the pension system currently in rule in Italy, which is a mix of a phasing out PAYG regime, inspired by a strong progressive principle, and a new defined contribution one inspired by actuarial fairness. Is the PAYG quota really progressive?
LEOMBRUNI, ROBERTO, M. Mosca
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Statistical Analysis of the Italian pension system: a nonparametric approach
The complexity of the Italian pension system has long been the subject of deĀbate and study. Over the years, the pension system has undergone significant changes and has been influenced by legislative, economie, and demographic factors. This complexity also stems from territorial differences among the various areas, with northern areas characterized byGiacalone, Massimiliano +3 more
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