Berardi, Andrea; Tebaldi, Claudio; Trojani, Fabio - 2018 - This version: Milano, February 1st, 2018
We address potential strengths and weaknesses of alternative protection schemes, which can be adopted as a ‘default option' in a private, third pillar, pension product. In light of the observed behavior of savers adopting the ‘default option' at international level, we perform a comparative...