Pay-as-you-go pension systems rest on a pact between generations. Through contributions, those who work pay the pensions of those who have retired. Implicit in this […]
Author: Mario Padula
In pay-as-you-go pension systems, it’s essential for both the economy and the population to grow so that contributions from those working are sufficient to fund […]
In the mid-1990s, the Dini reform marked a crucial turning point: pension calculations shifted from an earnings-based system to a contribution-based one. Under the earnings-based […]
While growing in Anglo-Saxon and emerging countries, the reverse mortgage market is not very developed in Italy. Yet, this financial tool could channel part of […]
Pension systems are complex, and ours is even more so due to overlapping, inconsistent laws that create inequalities and injustices. Therefore, it is necessary to […]
