This work develops an overlapping generations model in order to analyze a transition to a partial privatization of the social security system. We find that such a reform induces a vertical segmentation in the market of pension schemes. Moreover the redistributive aim of the government is limited...

In questo lavoro viene esaminata e discussa una recente metodologia, la contabilità generazionale, che studia la ripartizione degli oneri del finanziamento delle politiche fiscali tra le diverse generazioni. L'uso di un modello a generazioni sovrapposte consente di identificare una condizione...

This paper studies the relationship between population ageing and saving formation by Italian households. We use five cross-sectional budget surveys to separately construct the age and cohort profiles of the saving rate. After detrending the data, we isolate the age and cohort effects on saving....

Public pension systems based on the Notional Defined Contribution (NDC) principle were introduced during the '90s in Italy, Sweden and Poland, among other countries. They mimic private savings, in that individuals get back, as pensioners, what they contributed to social security during working...

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...