The Reform of the Pension System in Italy /

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 d...

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Κύριος συγγραφέας: Hamann, A.
Μορφή: Επιστημονικό περιοδικό
Γλώσσα:English
Έκδοση: Washington, D.C. : International Monetary Fund, 1997.
Σειρά:IMF Working Papers; Working Paper ; No. 1997/018
Διαθέσιμο Online:Full text available on IMF
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520 3 |a 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. 
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