The Italian Pension System: A Compact Historical Overview (1898-1970)

Alessandro Morselli

Rivista di storia economica, 2018, issue 2, 241-254

Abstract: This paper provides a compact overview of the evolution and the development of the pension system, in the period between 1898 and 1970, focusing on the aspect of financial equilibrium. After a brief review of the origins of the Italian social security system, the technical methods of financing are considered, analysing the reasons for the crisis of the capital-funded pension scheme and the adoption of the pay-as-you-go scheme.

Keywords: Social Security System; Capital-Funded Pension Scheme; Pay-As-You-Go. (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:mul:jrkmxm:doi:10.1410/93200:y:2018:i:2:p:241-254

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