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How to strengthen the credibility of the Italian pension reform
Recurso electrónico / electronic resource
MAP20090093676
Coda Moscarola, Flavia ‌
How to strengthen the credibility of the Italian pension reform / Flavia Coda Moscarola, Elsa Fornero
Sumario: As a result of the reform process undertaken in the 1990s, the italian pension system has replaced a generous but unsustainable defined benefit form law with a notional defined contribution formula an dopened the path for voluntary-based second and third pillars. While the reform has put the system on a sustainable path, its most relevant side effects consiste in the transfer of the pension risk to the individuals, who are then more exposed to the consequences of unfavourable economic cycles and to financial crises
En: Geneva papers on risk and insurance : issues and practice. - Geneva : The Geneva Association, 1976- = ISSN 1018-5895. - 01/10/2009 Tomo 34 Número 4 - 2009 , p. 591-601
1. Reforma financiera ‌. 2. Jubilación ‌. 3. Edad de jubilación ‌. 4. Mercado de trabajo ‌. 5. Sistemas de pensiones ‌. 6. Italia ‌. I. Fornero, Elsa ‌.