increase workers' retirement wealth. Data show that returns on supplementary pension funds may be greater than the revaluation … retirement wealth held in pension funds a degree of flexibility comparable to that of the Tfr. The paper shows that scale … essential in stimulating competition and allowing workers to move freely from expensive retirement schemes to schemes charging …

standard of living in retirement. On the other hand, the fall in equities in the period 2000-02 highlighted the fact that one …

This paper examines the retirement decisions of Italian households using data from the Survey on Household Income and … Wealth (SHIW) for 2008. The analysis focuses on the adequacy of pension wealth, knowledge of supplementary retirement rules …, the determinants of enrolment decisions and workers� propensity to convert their wealth into an annuity at retirement …