The Reform of the Pension System in Italy
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Summary:
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.
Series:
Working Paper No. 1997/018
Subject:
Aging Demographic change Expenditure Labor Pension spending Pensions Population and demographics Retirement
English
Publication Date:
February 1, 1997
ISBN/ISSN:
9781451922790/1018-5941
Stock No:
WPIEA0181997
Pages:
34
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