IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this article or follow this journal

The demographic challenge on pension systems: empirical results from Italy

  • Cinzia Di Palo

    ()

    (Department of Economics, University of Cassino, Italy)

Registered author(s):

    Population ageing in Italy is likely to accelerate in the next four decades. Thus, the proportion of the population over 65 years old is projected to strongly increase shifting from 20 per cent in 2010 to 32 per cent in year 2060 (Demographic Projections EUROPOP2010, released in April 2011 by Eurostat). Declining mortality trends, combined with low fertility rates and the approaching to retirement of the baby-boom generations, are, and major will be in the next decades, the socio-economic challenge to provide pension income to ageing population. The effects of demographic changes on the Italian pension system are assessed based on projections provided by the Working Group on Ageing Population (AWG) of the Economic Policy Committee. Under used demographic and economic assumptions, AWG projections confirm the demographic pressure on the Italian pension system, which could reveal itself not sustainable in the long run as it relies exclusively on the pay-as-you-go scheme. Reforms aimed at containing the Italian pension expenditure have already been adopted, and further measures are planned for forthcoming years. Anyway, the pension system sustainability cannot be achieved if pension reforms continue to be based on the goodness of forecasting and do not move in the direction of the logical sustainability, namely towards a sustainability founded on evaluation rules of benefits and contributions linked to the effective situation of the pension system.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL: http://reaser.eu/RePec/rse/wpaper/9Rev2_7_diPalo.pdf
    Download Restriction: no

    Article provided by Pro Global Science Association in its journal Published in Review of Applied Socio-Economic Research.

    Volume (Year): 1 (2011)
    Issue (Month): 2 (December)
    Pages: 53-62

    as
    in new window

    Handle: RePEc:rse:wpaper:v:1:y:2011:i:2:p:53-62
    Contact details of provider: Postal: Bucharest, 6th district, 47 Fabricii Street, Quadra Place, bl.J, fl.1, ap.12
    Web page: http://www.reaser.eu/pgsa/
    Email:


    More information through EDIRC

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:rse:wpaper:v:1:y:2011:i:2:p:53-62. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Manuela Epure)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.