EconPapers    
Economics at your fingertips  
 

Aspetti macroeconomici del passaggio alla capitalizzazione: considerazioni non ortodosse sulla riforma pensionistica

Sergio Cesaratto ()

Rivista di Politica Economica, 2001, vol. 91, issue 5, 33-82

Abstract: The paper examines the transition between the two pension systems: pay-as-you- go (PAYG) and capitalization system (CS). It examines the distinction between a privatization of PAYG and the creation of a true CS. A genuine CS is introduced only if «national saving» increases with the reform. Some transition plans are then examined. The use of the «severance payment» (TFR) to create a CS is considered. It is argued that TFR, in spite of its peculiarities, is already a CS. In the final part of the paper the alleged advantages of the adoption of CS are criticised in the light of less conventional approaches.

JEL-codes: E1 N55 (search for similar items in EconPapers)
Date: 2001
References: Add references at CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
http://www.rivistapoliticaeconomica.it/giugno1/cesaratto.php
Payment required

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:rpo:ripoec:v:91:y:2001:i:5:p:33-82

Access Statistics for this article

Rivista di Politica Economica is currently edited by Gustavo Piga

More articles in Rivista di Politica Economica from SIPI Spa
Bibliographic data for series maintained by Sabrina Marino ().

 
Page updated 2022-01-16
Handle: RePEc:rpo:ripoec:v:91:y:2001:i:5:p:33-82