TY - BOOK ID - 84542060 TI - The Reform of the Pension System in Italy PY - 1997 SN - 1462325874 1452712972 1283564149 1451891458 9786613876591 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Labor KW - Public Finance KW - Demography KW - Social Security and Public Pensions KW - Nonwage Labor Costs and Benefits KW - Private Pensions KW - Retirement KW - Retirement Policies KW - Economics of the Elderly KW - Economics of the Handicapped KW - Non-labor Market Discrimination KW - Demographic Trends, Macroeconomic Effects, and Forecasts KW - Pensions KW - Population & demography KW - Labour KW - income economics KW - Pension spending KW - Aging KW - Demographic change KW - Expenditure KW - Population and demographics KW - Population aging KW - Demographic transition KW - Italy UR - https://www.unicat.be/uniCat?func=search&query=sysid:84542060 AB - Italy’s pension system was reformed in August 1995. The new system has various desirable long-run properties and, overall, it represents an improvement over earlier systems. However, it fails to address two longstanding problems: extremely high contribution rates, and a lack of provisions for dealing with the substantial deterioration in demographic ratios expected over the next 30-40 years. ER -