The Italian Public Pension System: Current Prospects and Reform Options

Author/Editor:

Patrizia Canziani ; Dimitri G Demekas

Publication Date:

March 1, 1995

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

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.

Series:

Working Paper No. 1995/033

Subject:

Aging Expenditure Labor Pension reform Pension spending Pensions Population and demographics Retirement

English

Publication Date:

March 1, 1995

ISBN/ISSN:

9781451845150/1018-5941

Stock No:

WPIEA0331995

Pages:

56

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