Modelli previdenziali a confronto: analisi stilizzata degli incentivi al pensionamento anticipato
AbstractIn this work we focus on the analysis of early retirement incentives at the regime phase of the "Dini reform" and of two alternative schemes: the "Amato scheme" and a variant of the "Gronchi proposal". For this purpose we select two parameters: the pension-to-last-wage-ratio (Replacement Ratio) and the "Marginal Cost of Retirement", which captures the distortion of the cost of anticipating retirement by one year brought about by the actuarial unfairness of the pension formula. The analysis shows that the "contribution-related" mechanism is crucial for reducing the wedge between the gross and net wages, although it is not sufficient to eliminate it; it also produces a steeper replacement-ratio curve, making the prosecution of employment more convenient. These results have two policy implications for Italy: the acceleration of the Dini reform transition phase and the development of pension funds, also via the reduction of the contribution payroll tax.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Società editrice il Mulino in its journal Politica economica.
Volume (Year): (2003)
Issue (Month): 1 ()
Contact details of provider:
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ().
If references are entirely missing, you can add them using this form.