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La Riforma del Welfare, il Paygo, i nuovi Ammortizzatori per il Mercato del Lavoro
[Reform of Welfare System, Scale of functioning of PayGo, and development of modern Unemployment Benefits]


Author Info

  • Salerno, Nicola Carmine
  • Pammolli, Fabio


The scale of PayGo has a maximum level of functioning over which nevative effects prevail over positive ones. This means that, with almost all PayGo possibilities dedicated to pensions and health care (acute and Ltc), little or nothing remains for financing unemployment benefits schemes or other welfare expenditures. This "saturation" of PayGo possibilities clearly emerges in the projections contained in the Stability Program of Italy, 2012 issue. The same "saturation" situation would probably emerge if computations were developed on the Stability Program of any Western Europe country.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 38396.

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Date of creation: 15 Apr 2012
Date of revision: 15 Apr 2012
Handle: RePEc:pra:mprapa:38396

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Related research

Keywords: Welfare System PayGo; Pensions Expenditure; Halth Care Expenditure; Ltc; PayGo Burden; Sustainability; Long Term; Stability Program; Multipillar; Structural Reform;

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Cited by:
  1. Fabio Pammolli, 2013. "Demography, Sustainability, and Growth Notes on the future of the European "Social Market" Economy," Working Papers 01-2013, Competitività Regole Mecati (CERM).


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