Our paper analyses the observed and desired labour supply by older workers and (recent) retirees in a country (Italy) with limited opportunities for flexible work schedules. To this purpose, we use a dataset drawn from the Bank of Italy’s Survey on Household Income and Wealth providing...

This paper is centered on the complementary roles played by pension communication/information and financial literacy for a sustainable and equitable nonfinancial defined contribution (NDC) system at both the micro and macro socioeconomic level. The paper presents new evidence on: (i) the concern...

We show how the age prole of earnings, retirement rules and retirement behavior are tightly linked through the general equilibrium of the economy. Generous Social Security benets nanced by large Social Security taxes discourage human capital accumulation. In Social Security systems where Social...

There is ample empirical evidence documenting widespread financial illiteracy and limited pension knowledge. At the same time, the distribution of wealth is widely dispersed and many workers arrive on the verge of retirement with few or no personal assets. In this paper, we investigate the...

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...