National Saving and Social Security in Italy (1954-1993)

N. Rossi and I. Visco

Working Papers from Banca Italia - Servizio di Studi

Abstract: Changes in social security laws and regulations which took place in the late sixties and early seventies apparently weakened the link between contributions and benefits permitting a time path of aggregate consumption in excess of what would have occured in the absence of such changes. In this paper, these results are revised and extended and, if anything, strengthened: slightly less than half the reduction in the private "equilibrium" saving rate observed over the last thirty years appears to be due to the increase of social security wealth.

Keywords: SAVINGS; SOCIAL SECURITY; ITALY (search for similar items in EconPapers)
JEL-codes: E20 E21 H50 H55 (search for similar items in EconPapers)
Pages: 59 pages
Date: 1996
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:fth:banita:262

Access Statistics for this paper

More papers in Working Papers from Banca Italia - Servizio di Studi Banca d'Italia-Servizio Studi-Divisione Biblioteca e Pubblicazioni - Via N azionale, 91 -00184 Rome, Italy.. Contact information at EDIRC.
Bibliographic data for series maintained by Thomas Krichel ().