Welfare Effects of Social Security Reforms Across Europe The Case of France and Italy
Raquel Fonseca () and
Thepthida Sopraseuth
No WR-437, Working Papers from RAND Corporation
Abstract:
This paper uses a calibrated life cycle model to quantify the distributional effects of Social Security reforms. The authors focus on two countries, Italy and France, because they adopted two different strategies to cope with aging. While France marginally modified its defined benefit pension plan, Italy switched from a defined benefit pension plan to a contributive system. They find both reforms redistribute welfare unevenly: high skilled workers are the primary winners of the French reform and self employed individuals, especially unskilled workers, are the losers under the new Italian Social Security arrangement. Finally, they estimate that the French reform only finances 20% of the expected deficit. This is in sharp contrast with the Italian reform which finances the expected deficit by cutting drastically the generosity of Social Security benefits.
Pages: 44 pages
Date: 2007-01
References: View references in EconPapers View complete reference list from CitEc
Citations:
Downloads: (external link)
https://www.rand.org/content/dam/rand/pubs/working_papers/2007/RAND_WR437.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 403 Forbidden
Related works:
Working Paper: Welfare Effects of Social Security Reforms across Europe: the Case of France and Italy (2005) 
Working Paper: Welfare Effects of Social Security Reforms Across Europe: the Case of France and Italy (2005) 
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:ran:wpaper:wr-437
Access Statistics for this paper
More papers in Working Papers from RAND Corporation Contact information at EDIRC.
Bibliographic data for series maintained by Benson Wong ().