This paper analyses the general equilibrium implications of reforming pay-as-you-go pension systems in an economy with heterogeneous agents, human capital investment and capital-skill complementarity. It shows that increasing funding delivers in the long run higher physical and human capital and...

This paper analyses the general equilibrium implications of reforming pay-as-you-go pension system in an economy with heterogeneous agents, human capital investment and capital-skill complementarity. It shows that increasing funding delivers in the long run higher physical and human capital and...

This work deals with the analysis and evaluation of the presence of gender disparities in European pension systems, with a special focus on Italy. We document the existence of gender gaps in the pension systems and we discuss their causes. We focus first on how the pension system design may...

The aims of this work are to discuss whether there is an anomaly in the Italian pension system and, if there is, to investigate its causes and its influence on the future prospects of the system and on the debate on reform issues. In order to address these questions, we first provide an...

This paper analyses the general equilibrium implications of reforming pay-as-you-go pension systems in an economy with heterogeneous agents, human capital investment and capital skill complementarity. It shows that increasing funding delivers in the long run higher physical and human capital and...