In spite of the bleak outlook for Italian retirees' financial security in their foreseeable future, at the end of 2007, according to data supplied by the Supervisory Authority over Pension Funds, only about 19.8% of Italian workers joined a private pension scheme. More worryingly, young...

We use 6 waves of the Bank of Italy's Survey on household income and wealth (SHIW) to check the evolution of workers' expectations on future pension benefits and retirement age from 2000 to 2012. Based on these two subjective evaluations, we compute a measure of expected pension benefit and...

In light of demographic change and the growing problems of traditional old-age security systems, this book discusses two essential instruments in connection with privately providing for old-age security: (1) savings in private pension schemes and (2) building up equity for home-ownership....