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Setting Up a Communication Package for the Italian NDC

Author

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  • Boeri,Tito
  • Cozzolino,Maria
  • Di Porto,Edoardo

Abstract

In the last 30 years the Italian pension system was repeatedly reformed and counter-reformed, increasing uncertainty about future pensions. A low level of financial literacy exacerbated this problem. In 2015, the Italian Social Security Institute (INPS) launched a project to allow all insured workers to have more precise information about their future benefits. This paper analyzes the results of a survey carried out to evaluate the project?s performance. The findings are encouraging ? around 80 percent of respondents rate the INPS service as at least ?very helpful.? Even if 42 percent of the sample overestimates their future pension, 16 to 29 percent reveal a willingness to change their expectation on retirement income after receiving new information.

Suggested Citation

  • Boeri,Tito & Cozzolino,Maria & Di Porto,Edoardo, 2019. "Setting Up a Communication Package for the Italian NDC," Social Protection Discussion Papers and Notes 136554, The World Bank.
    • Handle: RePEc:wbk:hdnspu:136554
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    Cited by:

    1. Mohd Azam, Siti Balqis & Abu Bakar, Siti Hajar & Mohd Yusoff, Jal Zabdi & Abdul Rauf, Siti Hajar, 2021. "A case study on academic and vocational training for child offenders undergoing a multisystemic therapy-based rehabilitation order in Malaysia," Children and Youth Services Review, Elsevier, vol. 122(C).
    2. Leong, Rachel A.T. & Fung, Tze Kwan & Sachidhanandam, Uma & Drillet, Zuzana & Edwards, Peter J. & Richards, Daniel R., 2020. "Use of structural equation modeling to explore influences on perceptions of ecosystem services and disservices attributed to birds in Singapore," Ecosystem Services, Elsevier, vol. 46(C).
    3. Tang Hang Wu, 2022. "Charitable Organizations in Singapore: From Clan Based to State Facilitated Endeavors," Nonprofit Policy Forum, De Gruyter, vol. 13(1), pages 49-68, January.
    4. Barr, Nicholas, 2019. "Gender and family: conceptual overview," LSE Research Online Documents on Economics 101237, London School of Economics and Political Science, LSE Library.
    5. Daniele Franco & Pietro Tommasino, 2020. "Lessons From Italy: A Good Pension System Needs an Effective Broader Social Policy Framework," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 55(2), pages 73-81, March.

    More about this item

    Keywords

    Pensions&Retirement Systems; Financial Literacy; Educational Sciences; Social Protections&Assistance; Labor Markets;
    All these keywords.

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