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...

We stress that the demographic changes that Europe will face in the coming decades will have profound consequences not only for the sustainability but also for the adequacy of social security schemes, including pensions. Our paper aims at assessing the consequences of the Ageing Working Group...

This paper starts by describing the model MIDAS in detail. It next presents and discusses some simulation results for Belgium, Germany and Italy. Finally, the simulation results of two alternative policy scenarios are presented and discussed

This paper concerns the potential outcome of a structural reform of Public Administration aimed at increasing efficiency in human and technological resources use. We analyze the Italian case after the reform introduced in 2009 and provide a tentative estimate of the potential increase in labor...

The use of TFR (a sort of severance payment) to fund the complementary pension scheme, except when the worker explicitly says not to, has been established by the legislative measures reforming the Italian pension system (law n. 243 approved in summer 2004 and decree n. 252 approved in December...