The Italian Public Pension System: Current Prospects and Reform Options

56 Pages Posted: 15 Feb 2006

See all articles by Patrizia Canziani

Patrizia Canziani

London School of Economics & Political Science (LSE) - Centre for Economic Performance (CEP)

Dimitri G. Demekas

International Monetary Fund (IMF)

Date Written: March 1995

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.

JEL Classification: H55, H53

Suggested Citation

Canziani, Patrizia and Demekas, Dimitri G., The Italian Public Pension System: Current Prospects and Reform Options (March 1995). Available at SSRN: https://ssrn.com/abstract=883182 or http://dx.doi.org/10.2139/ssrn.883182

Patrizia Canziani (Contact Author)

London School of Economics & Political Science (LSE) - Centre for Economic Performance (CEP) ( email )

Houghton Street
London WC2A 2AE
United Kingdom
44-171-955 7466 (Phone)
44-171-955-7595 (Fax)

Dimitri G. Demekas

International Monetary Fund (IMF) ( email )

700 19th Street NW
Washington, DC 20431
United States

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