Description

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 contribution rates, and a lack of provisions for dealing with the substantial deterioration in demographic ratios expected over the next 30-40 years.

Taxonomy

Economic policy , Pensions , Social policy

More publications in this series: Working Papers

More publications by: A Javier Hamann