Jappelli, Tullio (contributor); Padula, Mario (contributor) - 2007
fall in saving is a concern, particularly for individuals who entered the labor market
after the 1995 reform and who have … maintain the same standard of living after exiting the labor market.
Saving can also be used to buffer short-term income … fluctuations by reducing assets, to financial market imperfections, preferences,
or a bequest motive in the upper income levels …