We analyse the effects of the pension reform of 2011 on individuals’ retirement age, adequacy and distribution of the benefits for various categories of Italian workers. The main findings are an increase in the average retirement age, generally raising over time, coupled with a sizeable increase in average replacement rates. However, the most affected group is represented by women employees born in 1955 and retiring in the period 2012-2021, who face an average increase in retirement age of four years, while benefiting from an increase in the average replacement rate of thirteen percentage points.

THE 2011 PENSION REFORM IN ITALY AND ITS EFFECTS ON CURRENT AND FUTURE RETIREES

BORELLA, Margherita;CODA MOSCAROLA, Flavia
2015-01-01

Abstract

We analyse the effects of the pension reform of 2011 on individuals’ retirement age, adequacy and distribution of the benefits for various categories of Italian workers. The main findings are an increase in the average retirement age, generally raising over time, coupled with a sizeable increase in average replacement rates. However, the most affected group is represented by women employees born in 1955 and retiring in the period 2012-2021, who face an average increase in retirement age of four years, while benefiting from an increase in the average replacement rate of thirteen percentage points.
2015
CeRP Working Paper
151
1
54
http://www.cerp.carloalberto.org/wp-content/uploads/2015/09/WP_151.pdf
pension reforms, microsimulation, wage profiles
Borella, Margherita; Coda Moscarola, Flavia
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/2318/1611473
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