The recent demographic trends of fast population ageing have challenged the sustainability of the public pension systems in most industrialized countries. We attempt to explain the retirement behavior of older Italians over the past twenty years in relation to dynamic financial incentives and other potential determinants of labor force participation. The results indicate that pension reforms in Italy had an impact in raising effective retirement age by restricting access to financially advantageous public pension schemes.
The Effect of Retirement Incentives: Microevidence for Italy
Agar Brugiavini
;Raluca Elena Buia;Giacomo Pasini;Guglielmo Weber
2025-01-01
Abstract
The recent demographic trends of fast population ageing have challenged the sustainability of the public pension systems in most industrialized countries. We attempt to explain the retirement behavior of older Italians over the past twenty years in relation to dynamic financial incentives and other potential determinants of labor force participation. The results indicate that pension reforms in Italy had an impact in raising effective retirement age by restricting access to financially advantageous public pension schemes.File in questo prodotto:
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