Critical Issues of Public Pension System: The Italian Case

Roberta Melis and Alessandro Trudda ()
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Alessandro Trudda: University of Sassari

Chapter Chapter 19 in Economic Challenges of Pension Systems, 2020, pp 427-439 from Springer

Abstract: Abstract This chapter addresses the issue of the financial sustainability of public PAYG pension schemes. Criticalities and, in particular, demographic risks affecting those schemes have been analysed. A possible solution to reduce demographic risk impact is presented, that is the introduction of a funded component to balance the PAYG part when the ratio of contributors-pensioners is decreasing. A cost-benefit analysis is presented in order to verify how the sustainability of a public pension scheme improves, given the actual and future demographic trends, and to quantify the cost in terms of public debt. Finally, an application to Italian pension data is performed.

Keywords: Public pension system; Demographic risk; Sustainability; Funded component (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-37912-4_19

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DOI: 10.1007/978-3-030-37912-4_19

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