Too busy to stay at work : How willing are Italian workers "to pay" for earlier retirement?

Article

Moscarola, Flavia Coda | Calcagno, Riccardo | Fornero, Elsa

Using a representative sample of Italian workers aged 55+, we survey their understanding of the recent (2011) pension reform and analyse their preference for anticipated retirement and availability to pay for exiting a year earlier. The preference for anticipated retirement is particularly strong for women and for workers who were obliged by the reform to postpone retirement. As for the “willingness to pay”, we find that women who are involved in informal care of children are available to pay significantly more than women who are not caregivers, and even more than men. In terms of policy, our findings point to the need of considering side effects of reforms and of integrating policy measures. In particular, when a pension system compensates for gaps in other welfare programs (like providing early retirement as a substitute for lack of public care services), its reform may cause social mismatches unless supplemented by appropriate changes in these other programs.

Suggestions

Du même auteur

The Effect of House Prices on Household Consumption in Italy | Calcagno, Riccardo

The Effect of House Prices on Household Consumption in Italy in Journal of Real Estate Finance and Economics


Calcagno, Riccardo ; Fornero, Elsa ; ROSSI, Mariacristina , 20091001 - 284-300 P.

Article

This paper studies the effect of a change in real estate wealth on the consumption behaviour of Italian households, using the Bank of Italy's Survey of Household Income and Wealth dataset. We relate annual household consumption to capital gains in ho...

Source : COLLECTIONS DU LEARNING HUB
Competition and dynamics of takeover contests | Calcagno, Riccardo

Competition and dynamics of takeover contests in Journal of Corporate Finance: Contracting, Governance and Organization


Calcagno, Riccardo ; FALCONIERI, Sonia , 20140601 - 36-56 P.

Article

This paper investigates the effect of potential competition on takeovers which we model as a bargaining game with alternating offers where calling an auction represents an outside option for each bidder at each stage of the game. The model describes ...

Source : COLLECTIONS DU LEARNING HUB
Financial Literacy and the Demand for Financial Advice | Calcagno, Riccardo

Financial Literacy and the Demand for Financial Advice in Journal of Banking and Finance


Calcagno, Riccardo ; Monticone, Chiara , 20150101 - 363-380 P.

Article

The low level of financial literacy across households suggests that they are at risk of making suboptimal financial decisions. In this paper, we analyze the effect of investors’ financial literacy on their decision to demand professional, non-indepen...

Source : COLLECTIONS DU LEARNING HUB
Chargement des enrichissements...

Avis des lecteurs