The Macroeconomics of the Pension Fund Reform and the case of the TFR reform in Italy
Sergio Cesaratto ()
Department of Economics University of Siena from Department of Economics, University of Siena
The controversial saving-investment relationship is central to macroeconomics, but in this capacity – perhaps less evidently – it is also central to the macroeconomics of pension reforms. Bearing this in mind, in this paper we shall review the main issues concerning these reforms and examine the recent attempt to enlarge the fully funded component of the pension system in Italy by employing the resources accumulated by firms on behalf of workers within the ‘Trattamento di Fine Rapporto’ scheme (a sort of severance pay scheme).
JEL-codes: E11 G23 H55 (search for similar items in EconPapers)
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