The Macroeconomics of the Pension Fund Reform and the case of the TFR reform in Italy
AbstractThe controversial saving-investment relationship is central to macroeconomics, but in this capacity – perhaps less evidently – it is also central to the macroeconomics of pension reforms. Bearing this in mind, in this paper we shall review the main issues concerning these reforms and examine the recent attempt to enlarge the fully funded component of the pension system in Italy by employing the resources accumulated by firms on behalf of workers within the ‘Trattamento di Fine Rapporto’ scheme (a sort of severance pay scheme).
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Bibliographic InfoPaper provided by Department of Economics, University of Siena in its series Department of Economics University of Siena with number 549.
Date of creation: Dec 2008
Date of revision:
Find related papers by JEL classification:
- E11 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Marxian; Sraffian; Institutional; Evolutionary
- G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
- H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
This paper has been announced in the following NEP Reports:
- NEP-AGE-2009-01-24 (Economics of Ageing)
- NEP-ALL-2009-01-24 (All new papers)
- NEP-LAB-2009-01-24 (Labour Economics)
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