The Evolution of Incentives for Retirement in Italy, 1980-2015

Agar Brugiavini, Raluca Elena Buia, Giacomo Pasini, Guglielmo Weber

Chapter in NBER book Social Security Programs and Retirement around the World: Reforms and Retirement Incentives (2021), Axel Börsch-Supan and Courtney Coile, editors
Conference held December 13-16, 2018
Published in February 2021 by University of Chicago Press
© 2021 by the National Bureau of Economic Research
in NBER Book Series - International Social Security

This chapter discusses the labor force participation reversal at older ages over the recent decades and relates it to pension reforms, that were particularly relevant in Italy since the early 1990s. It computes retirement financial incentive measures in the public pension system and shows how these vary by age, year, income and education. It also shows how the incentives system depends on the specific features of the earnings profiles of Italian workers by comparing them with those that would obtain if the earnings profiles were as in the common case considered in this volume.

Acknowledgments and Disclosures

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