Calcagno, Riccardo; Kraeussl, Roman; Monticone, Chiara - Centre for Research on Pensions and Welfare Policies … - 2007
In this paper we study the effects of the reform of the system of severance indemnities (TFR) currently in use for Italian employees on the cost and the access to credit for Italian small and medium-size enterprises (SMEs). The most direct consequence of the reform will be to reduce the amount...