The Reform of the Pension System in Italy
AbstractItaly’s pension system was reformed in August 1995. The new system has various desirable long-run properties and, overall, it represents an improvement over earlier systems. However, it fails to address two longstanding problems: extremely high contribution rates, and a lack of provisions for dealing with the substantial deterioration in demographic ratios expected over the next 30-40 years.
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Bibliographic InfoPaper provided by International Monetary Fund in its series IMF Working Papers with number 97/18.
Date of creation: 01 Feb 1997
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