The Reform of the Pension System in Italy
Author:
Mr. A. J Hamann
Search for other papers by Mr. A. J Hamann in
Current site
Google Scholar
Close
https://orcid.org/0000-0002-6363-0398
Italy’s pension system was reformed in August 1995. The new system has various desirable long-run properties and, overall, it represents an improvement over earlier systems. However, it fails to address two longstanding problems: extremely high contribution rates, and a lack of provisions for dealing with the substantial deterioration in demographic ratios expected over the next 30-40 years.
  • Collapse
  • Expand
IMF Working Papers