Una proposta di riforma per il sistema pensionistico italiano

Francesco Marchionne ()

Moneta e Credito, 2004, vol. 57, issue 226, 161-196

Abstract: In Italy, the ageing of the population is leading to an increase of the pension expenditures. Before Dini reform in 1995, the earning-related contributory system was financed on a pay-as-you-go basis. It was too much generous for the economic and demographic conditions of the country, therefore it was reformed. Now the benefits are calculated on a defined-contribution formula that penalizes the early retirement and assures lower benefits. However, some considerations put the sustainability of the pension system for future generations under discussion. A multipillar system with capitalisation elements (public defined-benefit component, occupational pension funds and individual pension funds) could reach this goal. In this study, a simulation generates the replacement ratios for the multipillar system in different scenarios and shows that the passage forward this scheme is possible, necessary and, under some conditions, not too expensive.

Keywords: Ageing; Demographics; Expenditure; Pay as You Go; Pension; Retirement (search for similar items in EconPapers)
JEL-codes: G23 H55 J14 J26 J32 (search for similar items in EconPapers)
Date: 2004
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://ojs.uniroma1.it/index.php/monetaecredito/article/view/9765/9648 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:psl:moneta:2004:23

Ordering information: This journal article can be ordered from
http://www.monetaecredito.info

Access Statistics for this article

Moneta e Credito is currently edited by Alessandro Roncaglia and Carlo D'Ippoliti

More articles in Moneta e Credito from Economia civile
Bibliographic data for series maintained by Carlo D'Ippoliti ().