Buffa, Andrea; Monticone, Chiara - Centre for Research on Pensions and Welfare Policies … - 2006
country’s wealth accumulation, in particular in light of a more fair but less generous pension system. This paper carries out … a macroeconomic analysis of the impact of pension reforms implemented in the nineties on private saving. The evidence … shows no tendency for saving to change in the post-reform period, which is consistent with preliminary results on pension …