The Reform of the Pension System in Italy

A. Javier Hamann ()

No 1997/018, IMF Working Papers from International Monetary Fund

Abstract: Italy’s pension system was reformed in August 1995. The new system has various desirable long-run properties and, overall, it represents an improvement over earlier systems. However, it fails to address two longstanding problems: extremely high contribution rates, and a lack of provisions for dealing with the substantial deterioration in demographic ratios expected over the next 30-40 years.

Keywords: WP; Amato system; coefficient; ratio; yield coefficient; contribution rate; dependency ratio; transformation coefficient; pension-to-GDP ratio; early retirement; self-employed worker; Pension spending; Pensions; Retirement; Aging; Demographic change (search for similar items in EconPapers)
Pages: 34
Date: 1997-02-01
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Citations: View citations in EconPapers (31)

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