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

Boeri, Tito.
Other Title:
World Bank other research.
Washington, D.C. : The World Bank, 2019.
Social Protection and Labor Discussion Papers.
World Bank e-Library
Social Protection and Labor Discussion Papers.
Government document
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)
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.
Boeri, Tito.
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