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well as our broader (policy) attitudes and values. We fielded large online survey experiments in Italy, Spain, Germany and …
Persistent link: https://www.econbiz.de/10012263741
, Spain, the UK and the US - under population aging. Two main aspects of the aging process are relevant to the analysis. First … towards future pensions with more private savings. Second, an aging electorate leads to larger systems, since it increases the … aspect dominates in all countries, albeit with some differences. Spain, the fastest aging country, faces the largest increase …
Persistent link: https://www.econbiz.de/10014074711
the labour force in three countries: Italy, Spain and the USA. Our works stresses the importance of dynamic incentives …
Persistent link: https://www.econbiz.de/10014088795
whether Italy's public finances can achieve sustainability under the spending pressure exerted by future demographic and … macroeconomic developments. The paper addresses this question by assessing long-term fiscal sustainability, following the …
Persistent link: https://www.econbiz.de/10013159063
whether Italy's public finances can achieve sustainability under the spending pressure exerted by future demographic and … macroeconomic developments. The paper addresses this question by assessing long-term fiscal sustainability, following the commonly …
Persistent link: https://www.econbiz.de/10013111444
We estimate the effect of pension reforms on households' expectations of retirement outcomes and private wealth accumulation decisions exploiting a decade of intense Italian pension reforms as a source of exogenous variation in expected pension wealth. The Survey of Household Income and Wealth,...
Persistent link: https://www.econbiz.de/10010298324
Using Italian data, we estimate an option value model to quantify the effectof financial incentives on retirement choices. As far as we know, this isthe first empirical study to estimate the conditional multiple-years modelput forward by Stock and Wise (1990). This implies that we account...
Persistent link: https://www.econbiz.de/10010325652
This paper quantifies the economic well-being of different age groups and the extent of their reliance on incomes from public and private sources. The aim is to establish how social benefits, and the taxes needed to finance them, affect income levels and disparities across different age groups....
Persistent link: https://www.econbiz.de/10010267998
predicts lower future pensions to reduce fertility, while the old-age security" to increase it. Our empirical analysis … identifies a clear and robust positive effect of less generous future pensions on post-reform fertility. These findings are …
Persistent link: https://www.econbiz.de/10010273801
This paper looks at welfare reforms in Italy and their effects on labour supply. I focus on social security reforms, which have taken place in the 1990s and on labour market reforms. Old age social security expenditure in Italy is high (14% of GDP) and the system has been very generous on early...
Persistent link: https://www.econbiz.de/10010273928