Setting Up a Communication Package for the Italian NDC

Tito Boeri, Maria Cozzolino and Edoardo Di Porto

No 136554, Social Protection Discussion Papers and Notes from The World Bank

Abstract: In the last 30 years the Italian pension system was repeatedly reformed and counter-reformed, increasing uncertainty about future pensions. A low level of financial literacy exacerbated this problem. In 2015, the Italian Social Security Institute (INPS) launched a project to allow all insured workers to have more precise information about their future benefits. This paper analyzes the results of a survey carried out to evaluate the project?s performance. The findings are encouraging ? around 80 percent of respondents rate the INPS service as at least ?very helpful.? Even if 42 percent of the sample overestimates their future pension, 16 to 29 percent reveal a willingness to change their expectation on retirement income after receiving new information.

Keywords: Pensions&Retirement Systems; Financial Literacy; Educational Sciences; Social Protections&Assistance; Labor Markets (search for similar items in EconPapers)
Date: 2019-04-01
New Economics Papers: this item is included in nep-age and nep-fle
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Citations: View citations in EconPapers (5)

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Working Paper: Setting Up a Communication Package for the Italian NDC (2019)
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