Chapter

Italy

Daniele Franco

in Social Security Pension Reform in Europe

Published by University of Chicago Press

Published in print January 2002 | ISBN: 9780226241081
Published online February 2013 | e-ISBN: 9780226241913 | DOI: http://dx.doi.org/10.7208/chicago/9780226241913.003.0009
Italy

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This chapter examines pension reform in Italy. It presents the main policy options under consideration and examines the issue of funding. It argues that despite the reversal of pension policy in 1992, in terms of expenditure control, there is considerable continuity in the Italian policymaking style. The same incremental and short-sighted approach that determined the extraordinary expansion of pension expenditure up to 1992 continued in the following years. The reforms implemented in recent years under the pressure of budgetary constraints largely reflect the demands of some specific groups. They have been introduced without adequate analysis of their implications and include solutions that may prove unsustainable in the long run. The reform process was made longer and required lengthy transition periods. A commentary and discussion summary are also included at the end of the chapter.

Keywords: Italy; pension reform; pension policy

Chapter.  21611 words.  Illustrated.

Subjects: Public Economics

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