Faced with ageing populations and strains on their public finances, many countries across Europe have endeavoured to reform their pension systems, yet these reforms have varied substantially in their content and aims. Leandro N. Carrera and Marina Angelaki present findings from a novel study of eight European countries to highlight the key factors that lead countries to undergo significant […]
The eurozone crisis has accelerated the reform of public pensions in Italy, but future pensions may no longer provide an adequate income in retirement.
For years Italian workers have had access to very generous public pensions, with relatively early retirement ages, and until the crisis, strong interests and the fractious nature of Italian politics made pension reform near impossible. Leandro Carrera looks at the history of post-war pension reforms in Italy and finds that the eurozone crisis and influence from the EU have forced […]