Gestione del risparmio e della ricchezza finanziaria, previdenza aggiuntiva e azionariato dei lavoratori
AbstractThe paper estimates financial wealth and saving rates that Italian workers should have in order to enjoy incomes after retirement equal to 80% of their previous wages. Relevant variables are: the rate of growth of wages; interest rates; the pension contribution rate; and the ratio of the number of workers to the number of retired people. Financial wealth and financial saving rates ought to be 170-370% and 5.5-16% of labour incomes, respectively. Those values are too big for Italian financial markets. Possible solutions to the problem are examined.
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Bibliographic InfoArticle provided by SIPI Spa in its journal Rivista di Politica Economica.
Volume (Year): 91 (2001)
Issue (Month): 3 (March)
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Find related papers by JEL classification:
- G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
- J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
- E - Macroeconomics and Monetary Economics
- J32 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Nonwage Labor Costs and Benefits; Retirement Plans; Private Pensions
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