Franklin

Setting Up a Communication Package for the Italian NDC [electronic resource] / Boeri, Tito.

Author/Creator:
Boeri, Tito.
Other Title:
World Bank other research.
Publication:
Washington, D.C. : The World Bank, 2019.
Series:
Social Protection and Labor Discussion Papers.
World Bank e-Library
Social Protection and Labor Discussion Papers.
Format/Description:
Government document
Book
1 online resource
Local subjects:
Financial Literacy. (search)
Labor Markets. (search)
Living Standards. (search)
Pension Reform. (search)
Pensions and Retirement Systems. (search)
Poverty Reduction. (search)
Social Protections and Labor. (search)
Summary:
In the last 30 years the Italian pension system was repeatedly reformed and counter-reformed, increasing uncertainty about future pensions. A low level of financial literacy exacerbated this problem. In 2015, the Italian Social Security Institute (INPS) launched a project to allow all insured workers to have more precise information about their future benefits. This paper analyzes the results of a survey carried out to evaluate the project's performance. The findings are encouraging - around 80 percent of respondents rate the INPS service as at least '*very helpful.'* Even if 42 percent of the sample overestimates their future pension, 16 to 29 percent reveal a willingness to change their expectation on retirement income after receiving new information.
Contributor:
Boeri, Tito.
Publisher Number:
10.1596/31633
Access Restriction:
Restricted for use by site license.
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