Tracking the Italian employees'TFR over their working life careers

In this paper we evaluate the expected evolution of the Trattamento di ?ne rapporto over the Italian employees?working life careers. We use adiminstrative (INPS) data to disentangle the amount that is expected to be accumulated until retirement, the amount expected not to accrue because of discountinuos working careers and/or paid as an anticipated withdrawal. This is relevant in the light of the recent pension system reforms that encourage the diversion of the TFR to pension funds.