DP463 Undesirable Redistributions in the Retirement-Public Pension Schemes: The Italian Case Study
Author(s): | Fiorella Kostoris Padoa Schioppa |
Publication Date: | September 1990 |
Keyword(s): | Italy, Pensions, Redistribution, Social Security |
JEL(s): | 915 |
Programme Areas: | Human Resources |
Link to this Page: | cepr.org/active/publications/discussion_papers/dp.php?dpno=463 |
This paper uses comparative statistics in a simple three-period overlapping generations model to show that any pay-as-you-go mechanism for public retirement pensions, when adopted in a dualistic economic system, penalises the most dynamic demographic groups, i.e., the