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Lessons From Italy: A Good Pension System Needs an Effective Broader Social Policy Framework

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  • Daniele Franco

    (Bank of Italy)

  • Pietro Tommasino

    (Bank of Italy)

Abstract

Italy, which is sometimes considered a laggard in terms of social and economic reforms, can boast a pension system that is, by and large, functioning sufficiently well in terms of ensuring an adequate purchasing power to retirees and a financially sustainable outlook in the long term, even when taking into account adverse demographic developments.

Suggested Citation

  • Daniele Franco & Pietro Tommasino, 2020. "Lessons From Italy: A Good Pension System Needs an Effective Broader Social Policy Framework," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 55(2), pages 73-81, March.
    • Handle: RePEc:spr:intere:v:55:y:2020:i:2:d:10.1007_s10272-020-0874-4
    DOI: 10.1007/s10272-020-0874-4
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    References listed on IDEAS

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    1. Frimmel, Wolfgang & Horvath, Thomas & Schnalzenberger, Mario & Winter-Ebmer, Rudolf, 2018. "Seniority wages and the role of firms in retirement," Journal of Public Economics, Elsevier, vol. 164(C), pages 19-32.
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    5. Fornero, Elsa & Lo Prete, Anna, 2019. "Voting in the aftermath of a pension reform: the role of financial literacy," Journal of Pension Economics and Finance, Cambridge University Press, vol. 18(1), pages 1-30, January.
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    14. Daniele Franco & Maria Rosaria Marino, 2002. "The Role of Forecasts in Social Security Policy," Giornale degli Economisti, GDE (Giornale degli Economisti e Annali di Economia), Bocconi University, vol. 61(2), pages 215-265, December.
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    Cited by:

    1. Angelici, Marta & Del Boca, Daniela & Oggero, Noemi & Profeta, Paola & Rossi, Maria Cristina & Villosio, Claudia, 2022. "Pension information and women’s awareness," The Journal of the Economics of Ageing, Elsevier, vol. 23(C).
    2. Billari, Francesco C. & Favero, Carlo A. & Saita, Francesco, 2023. "Online financial and demographic education for workers: Experimental evidence from an Italian Pension Fund," Journal of Banking & Finance, Elsevier, vol. 151(C).
    3. Mikkel Barslund, 2020. "Pension Systems in the EU — Some Policy Issues," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 55(2), pages 69-72, March.

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