The Italian Public Pension System: Current Prospects and Reform Options

Patrizia Canziani and Dimitri Demekas

No 1995/033, IMF Working Papers from International Monetary Fund

Abstract: Public pension expenditure in Italy has been growing rapidly in the last three decades and is now among the highest in industrialized countries. Despite recent reforms, benefits remain generous by international standards and, unless additional measures are taken, the financial situation of the system will deteriorate in the long term. The paper reviews the current system, its history, and its prospects, and examines through simulations the long-run effects of alternative pension reform options.

Keywords: WP; pension system; IVS pension; INPS pension; invalidity pension; pension outlay; seniority pension; pension provider; support pension; early retirement; Pension spending; Pensions; Aging; Retirement; Pension reform; Europe (search for similar items in EconPapers)
Pages: 56
Date: 1995-03-01
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