Too busy to stay at work: How willing are Italian workers "to pay" to anticipate their retirement?

Riccardo Calcagno, Flavia Coda Moscarola and Elsa Fornero
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Riccardo Calcagno: EM - EMLyon Business School, Collegio Carlo Alberto - UNITO - Università degli studi di Torino = University of Turin
Elsa Fornero: UNITO - Università degli studi di Torino = University of Turin, Collegio Carlo Alberto - UNITO - Università degli studi di Torino = University of Turin

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Abstract: Using a representative sample of Italian workers aged 55+, we survey their understanding of the recent (2011) pension reform and analyse their preference for anticipated retirement and availability to pay for exiting a year earlier. The preference for anticipated retirement is particularly strong for women and for workers who were obliged by the reform to postpone retirement. As for the "willingness to pay", we find that women who are involved in informal care of children are available to pay significantly more than women who are not caregivers, and even more than men. In terms of policy, our findings point to the need of considering side effects of reforms and of integrating policy measures. In particular, when a pension system compensates for gaps in other welfare programs (like providing early retirement as a substitute for lack of public care services), its reform may cause social mismatches unless supplemented by appropriate changes in these other programs.

Keywords: Italian pension reform; willingness to anticipate retirement; gender bias; caregiving (search for similar items in EconPapers)
Date: 2017-07-23
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Citations: View citations in EconPapers (1)

Published in Economics Bulletin, 2017, 37 (3), 1694-1707 p

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Working Paper: Too busy to stay at work. How willing are Italian workers “to pay” to anticipate their retirement? (2016)
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