Cesaratto, Sergio - In: Intervention. European Journal of Economics and … 08 (2011) 1, pp. 69-89
In the last two decades Italy implemented a number of reforms of the public pay-as-you-go (PAYG) scheme that curtailed future pensions. Governments therefore felt the need to increase the number of workers contributing to fully funded (FF) schemes to offset the expected fall in public pensions....