Author: Tullio Jappelli

How Uncertain Are Our Pensions?

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 […]

What is a Reverse Mortgage?

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 […]