How to strengthen the credibility of the Italian pension reform

<?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.loc.gov/MARC21/slim http://www.loc.gov/standards/marcxml/schema/MARC21slim.xsd">
  <record>
    <leader>00000cab a2200000   4500</leader>
    <controlfield tag="001">MAP20090093676</controlfield>
    <controlfield tag="003">MAP</controlfield>
    <controlfield tag="005">20100222184838.0</controlfield>
    <controlfield tag="008">091027e20091001esp|| p      |0|||b|spa d</controlfield>
    <datafield tag="040" ind1=" " ind2=" ">
      <subfield code="a">MAP</subfield>
      <subfield code="b">spa</subfield>
      <subfield code="d">MAP</subfield>
    </datafield>
    <datafield tag="084" ind1=" " ind2=" ">
      <subfield code="a">345</subfield>
    </datafield>
    <datafield tag="100" ind1=" " ind2=" ">
      <subfield code="0">MAPA20090036963</subfield>
      <subfield code="a">Coda Moscarola, Flavia</subfield>
    </datafield>
    <datafield tag="245" ind1="0" ind2="0">
      <subfield code="a">How to strengthen the credibility of the Italian pension reform</subfield>
      <subfield code="c">Flavia Coda Moscarola, Elsa Fornero</subfield>
    </datafield>
    <datafield tag="520" ind1=" " ind2=" ">
      <subfield code="a">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</subfield>
    </datafield>
    <datafield tag="650" ind1=" " ind2="1">
      <subfield code="0">MAPA20080587369</subfield>
      <subfield code="a">Reforma financiera</subfield>
    </datafield>
    <datafield tag="650" ind1=" " ind2="1">
      <subfield code="0">MAPA20080554927</subfield>
      <subfield code="a">Jubilación</subfield>
    </datafield>
    <datafield tag="650" ind1=" " ind2="1">
      <subfield code="0">MAPA20080584825</subfield>
      <subfield code="a">Edad de jubilación</subfield>
    </datafield>
    <datafield tag="650" ind1=" " ind2="1">
      <subfield code="0">MAPA20080586300</subfield>
      <subfield code="a">Mercado de trabajo</subfield>
    </datafield>
    <datafield tag="650" ind1=" " ind2="1">
      <subfield code="0">MAPA20080604004</subfield>
      <subfield code="a">Sistemas de pensiones</subfield>
    </datafield>
    <datafield tag="651" ind1=" " ind2="1">
      <subfield code="0">MAPA20080637767</subfield>
      <subfield code="a">Italia</subfield>
    </datafield>
    <datafield tag="700" ind1="1" ind2=" ">
      <subfield code="0">MAPA20100016138</subfield>
      <subfield code="a">Fornero, Elsa</subfield>
    </datafield>
    <datafield tag="773" ind1="0" ind2=" ">
      <subfield code="w">MAP20077100215</subfield>
      <subfield code="t">Geneva papers on risk and insurance : issues and practice</subfield>
      <subfield code="d">Geneva : The Geneva Association, 1976-</subfield>
      <subfield code="x">1018-5895</subfield>
      <subfield code="g">01/10/2009 Tomo 34 Número 4  - 2009 , p. 591-601</subfield>
    </datafield>
  </record>
</collection>