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The Italian Pension System: A Compact Historical Overview (1898-1970)

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  • Alessandro Morselli

Abstract

This paper provides a compact overview of the evolution and the development of the pension system, in the period between 1898 and 1970, focusing on the aspect of financial equilibrium. After a brief review of the origins of the Italian social security system, the technical methods of financing are considered, analysing the reasons for the crisis of the capital-funded pension scheme and the adoption of the pay-as-you-go scheme.

Suggested Citation

  • Alessandro Morselli, 2018. "The Italian Pension System: A Compact Historical Overview (1898-1970)," Rivista di storia economica, Società editrice il Mulino, issue 2, pages 241-254.
    • Handle: RePEc:mul:jrkmxm:doi:10.1410/93200:y:2018:i:2:p:241-254
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