NBER

Giacomo Pasini

Ca' Foscari University of Venice
Economics Department
Cannaregio 873
30121 Venezia
Italy
Tel: +39 041 234 9171
Fax: +39 041 2349176

E-Mail: EmailAddress: hidden: you can email any NBER-related person as first underscore last at nber dot org
Institutional Affiliation: University of Venice

NBER Working Papers and Publications

November 2019The Evolution of Incentives for Retirement in Italy, 1980–2015
with Agar Brugiavini, Raluca Elena Buia, Guglielmo Weber
in Social Security Programs and Retirement around the World: Reforms and Retirement Incentives, Axel Börsch-Supan and Courtney Coile, editors
This chapter discusses the labor force participation reversal at older ages over the recent decades and relates it to pension reforms, that were particularly relevant in Italy since the early 1990s. It computes retirement financial incentive measures in the public pension system and shows how these vary by age, year, income and education. It also shows how the incentives system depends on the specific features of the earnings profiles of Italian workers by comparing them with those that would obtain if the earnings profiles were as in the common case considered in this volume.
February 2018Employment at Older Ages: Evidence from Italy
with Agar Brugiavini, Guglielmo Weber
in Social Security Programs and Retirement around the World: Working Longer, Courtney C. Coile, Kevin Milligan, and David A. Wise, editors
This chapter discusses the changes in labor force participation and employment of older Italian individuals over the past thirty five years. We observe a U-shaped time profile in the employment rate of Italian men, particularly for the age-group 55-59. The reversal in the early decline takes place around the years 2002-2003, and is partly attributable to pension reforms, partly to the increase in the fraction of educated individuals, who started working at later ages. Improvements in health and longevity don’t seem to have played the expected role, as health was improving also in the earlier sample period when employment and labor force participation were falling. For women, there is an upward trend in labor force participation, that was reinforced by pension reforms and education.
May 2017Health Capacity to Work at Older Ages: Evidence from Italy
with Agar Brugiavini, Guglielmo Weber
in Social Security Programs and Retirement around the World: The Capacity to Work at Older Ages, David A. Wise, editor
Public programs that benefit older individuals, such as Social Security, may be changed in the future in ways that reflect an expectation of longer work lives. But do older Italians have the health capacity to work longer? This paper explores this question by asking how much older individuals could work if they worked as much as those with the same mortality rate in the past or as much as their younger counterparts in similar health. Using both methods, we estimate that there is significant additional capacity to work at older ages. We also explore whether there are differences in health capacity across education groups and whether health has improved more over time for the highly educated, using education quartiles to surmount the challenge of changing levels of education over time.

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