The Reform of the Pension System in Italy

descriptionPublicationkeyboard_double_arrow_right Article , Other literature type , Preprint 01 Jan 1997 English Publisher:Elsevier BVJournal:SSRN Electronic Journal (eissn: 1556-5068,

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Authors: A. Javier Hamann;

doi: 10.2139/ssrn.268991 , 10.5089/9781451922790.001

The Reform of the Pension System in Italy

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Abstract

Italy's pension system was reformed in August 1995. The new system has various desirable long-run properties and, overall, it represents an improvement over earlier systems. However, it fails to address two longstanding problems: extremely high contributions rates, and a lack of provisions for dealing with the substantial deterioration in demographic ratios expected over the next 30-40 years.

Related Organizations

International Monetary Fund
United States

Keywords

Italy;Pensions;pension, benefits, retirement, early retirement

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