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Europeans are living longer, and fewer now remain in the labour force as they grow older. Many European countries have responded to the ensuing financial pressure by reforming their public pension systems and health care programmes. There is considerable uncertainty as to the effects of these...
Persistent link: https://www.econbiz.de/10013518504
A "good" pension reform should address a number of issues. One important aspect is the financial soundness of the system, particularly in the light of the legacy that we leave to future generations. Policy makers should also address economic efficiency at two levels: no waste of resources for a...
Persistent link: https://www.econbiz.de/10005450658
In this paper we ask what is the length of working life in Europe, whether it differs by gender, birth cohort, and schooling level, and what are the main differences across countries. We also ask whether there is a trend towards shorter working lives, and to what extent it is due to the delayed...
Persistent link: https://www.econbiz.de/10005814599
This paper looks at the relationship between the institutional design of the social security system and retirement from the labour force in three countries: Italy, Spain and the USA. Our work stresses the importance of dynamic incentives embedded in social security systems throughout the world...
Persistent link: https://www.econbiz.de/10005772703
Persistent link: https://www.econbiz.de/10005655353
This paper looks at the relationship between the institutional design of the social security system and retirement from the labour force in three countries: Italy, Spain and the USA. Our works stresses the importance of dynamic incentives embedded in social security systems throughout the world...
Persistent link: https://www.econbiz.de/10005795439
Persistent link: https://www.econbiz.de/10005096535
In this paper, we contribute to the current debate on the Italian pension system by analyzing the impact of social security reforms, in terms of both budgetary implications and distributional effects. This is done by simulating the effects of three hypothetical reforms, plus the effects of the...
Persistent link: https://www.econbiz.de/10005106127
This paper shows that the “lump of labor” assumption fails in Italy. The direct relationship between the unemployment rate of the young and the labor force participation of the old is pro-cyclical, i.e. a higher labor force participation of the old is related to a lower unemployment rate of...
Persistent link: https://www.econbiz.de/10005057176
Persistent link: https://www.econbiz.de/10003953390