Welfare Effects of Social Security Reforms Across Europe : the Case of France and Italy
AbstractThis paper uses a calibrated life cycle model to quantify the distributional effects of Social Security reforms. We focus only on two countries: Italy and France because they adopted two different strategies to cope with aging. While France marginally modified its defined pension plan, Italy switched from a defined pension plan to a contributive system. We find both reforms redistributes welfare unevenly: high skilled workers are the primary winners of the French reform and self employed individuals, especially unskilled workers, are the losers under the new Italian Social Security arrangement.
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Bibliographic InfoPaper provided by Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy in its series CSEF Working Papers with number 138.
Date of creation: 01 Apr 2005
Date of revision:
Other versions of this item:
- Raquel Fonseca & Theptida Sopraseuth, 2005. "Welfare Effects of Social Security Reforms across Europe: the Case of France and Italy," Documents de recherche 05-08, Centre d'Études des Politiques Économiques (EPEE), Université d'Evry Val d'Essonne.
- Raquel Fonseca & Thepthida Sopraseuth, 2006. "Welfare Effects of Social Security Reforms Across Europe: The Case of France and Italy," Working Papers 437, RAND Corporation Publications Department.
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