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The Italian Public Pension System: Current Prospects and Reform Options

Author

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  • Ms. Patrizia Canziani
  • Mr. Dimitri G Demekas

Abstract

Public pension expenditure in Italy has been growing rapidly in the last three decades and is now among the highest in industrialized countries. Despite recent reforms, benefits remain generous by international standards and, unless additional measures are taken, the financial situation of the system will deteriorate in the long term. The paper reviews the current system, its history, and its prospects, and examines through simulations the long-run effects of alternative pension reform options.

Suggested Citation

  • Ms. Patrizia Canziani & Mr. Dimitri G Demekas, 1995. "The Italian Public Pension System: Current Prospects and Reform Options," IMF Working Papers 1995/033, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:1995/033
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    Cited by:

    1. Can Verberi & Muhittin Kaplan, 2024. "An Evaluation of the Impact of the Pension System on Income Inequality: USA, UK, Netherlands, Italy and Türkiye," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 174(3), pages 905-931, September.
    2. Nicola Sartor & Laurence J. Kotlikoff & Willi Leibfritz, 1999. "Generational Accounts for Italy," NBER Chapters, in: Generational Accounting around the World, pages 299-324, National Bureau of Economic Research, Inc.

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