Italy Archives - Pension Policy International

01AprApril 1, 2025

Italy’s fertility rate hits record low in 2024

Italy's fertility rate fell to the lowest level ever recorded in 2024, the country's main statistical entity said on Monday. According to Italy's National Statistics Institute, known as ISTAT, around 370,000 births were registered in Italy last year, a decrease of 2.6 percent from the previous year. The death rate also declined, ISTAT said, falling by 3.1 percent last year to 651,000. That means there were 281,000 more deaths than births in the country in 2024, pushing the country's average life...

April 1, 2025

News, Slider, UncategorizedAging, Italy, Labor Market

23AprApril 23, 2024

Italian schemes bolster ESG standards in private equity allocations

Italian industry-wide pension funds (Fondi Negoziali) are increasingly applying ESG standards to private equity investments. According to a report on ESG and investment policies of Italian institutional investors published by think tank Itinerari Previdenziali, 21% of industry-wide pension schemes apply ESG criteria to allocate to private equity, a steep rise from the 7% recorded in 2023. However, occupational, pre-existing and first pillar schemes (Casse di Previndeza) still shy away from handing out specific mandates for asset management linked to sustainability goals, the...

April 23, 2024

NewsESG, Italy, Pension Management

27MarMarch 27, 2024

Older Workers, Pension Reforms and Firm Outcomes

By Francesca Carta, Francesco D’Amuri & Till Von Wachter Using Italian matched worker-firm data, this paper quantifies the effect of an exogenous increase in older workers driven by an unexpected raise in statutory retirement ages on medium and large firms' input mix and economic outcomes. Data on lifetime pension contributions are used to calculate the expected additional number of older workers retained by each firm due to the pension reform. Instrumental variable estimates show an increase in older workers leads...

March 27, 2024

Aging, Articles2024, Aging, Italy, Labor Market, Pension Reform

23JanJanuary 23, 2024

OECD tells Italy to curtail State pensions for high earners

The OECD on Monday called on Italy to reform its pension system, making it less generous for high earners. “Reducing the generosity of pensions for higher-income households could limit the [forecast] increase in [pension] spending, while maintaining adequate public services and social protection,” read the OECD’s economic survey of Italy. The Paris-based body also stressed the need to phase out a variety of schemes that make it possible to start claiming a State pension before the retirement age, as has already...

January 23, 2024

NewsItaly, Pension Reform

21NovNovember 21, 2023

Pension Reforms, Longer Working Horizons and Absence from Work

By Giorgio Brunello, Maria De Paola & Lorenzo Rocco Using matched employer-employee data for Italy and newly available information on sick leaves certificates, we study the effect of an exogenous increase in the length of the residual work horizon – triggered by a pension reform that increased minimum retirement age - on middle-aged employees' absence from work due to sick leaves. We find that this effect is positive for females and negative for males. After excluding health as a plausible...

November 21, 2023

Articles2023, Italy, Labor Market, Pension Reform

29SepSeptember 29, 2023

Lessons From Japan And Italy On Managing The Aging Population

Japan and Italy are geographically distant and have evolved separately over the centuries, but they share several similar traits, including a rich culinary tradition, strong cultural values, breathtaking historical sites — and, more recently, an ageing population. More than one in 10 people in Japan are aged 80 or older. Beyond that, about 29 per cent of its 125 million people are 65 or older, the highest in the world ahead of Italy (24.5 per cent) and Finland (23.6 per...

September 29, 2023

NewsAging, Italy, Japan

19JulJuly 19, 2023

Pensions, 54% of Italians fear that they are insufficient to live on. Private savings are essential

«I can’t wait to retire!..» How many times, and how many people, have they thought about saying “goodbye” to work, daily routine, stress and fatigue? If the moment of leaving the labor market is seen as a real liberation, in Italy there are those who think that it could become a far worse condemnation than meetings, phone calls, computers and shifts. Because on closer inspection the majority of men and women “in career” believe that they do not have,...

July 19, 2023

NewsAdequacy, Italy, Voluntary pensions

17NovNovember 17, 2022

Analysis: Italy’s Meloni needs urgent fix for ballooning pensions bill

Italy's new prime minister Giorgia Meloni needs urgently to rein in a bloated pension system which absorbs most social spending and looks increasingly unsustainable in the face of surging inflation. Rome already has the highest pension bill in the 38-nation Organisation for Economic Cooperation and Development, and says outlays will climb by 58 billion euros ($60.35 billion), or 19.5%, by 2025 as rising prices boost index-linked payouts. With one of the world's oldest populations and low birth and employment rates, Italy...

November 17, 2022

NewsItaly, Pensions Reform, Public Pensions

09NovNovember 9, 2022

Italy to Boost Pension Spending in Bid to Keep Up With Inflation

Italy’s pensions will increase by 7.3% from next year to keep up with rising inflation, Finance Minister Giancarlo Giorgetti said on Wednesday. The boost to retirement payments, which is automatic in contrast to wage hikes, will bring relief to households hit by soaring energy costs in the European Union’s third-biggest economy but may further complicate the European Central Bank’s efforts to rein in consumer prices. Overall, spending on pensions will increase by more than €50 billion ($50.4 billion) through 2025, the...

November 9, 2022

NewsAdequacy, Italy, Public Pensions

25JulJuly 25, 2022

Italy. Pensions at the center of the electoral campaign, here are the parties’ proposals

The issue of pensions, like every electoral round, has forcefully entered the center of the campaign for the vote on 25 September. Silvio Berlusconi immediately launched the minimum pensions of one thousand euros, a proposal already in the past relaunched by the Brothers of Italy (to be financed with a cut in citizenship income). The League has already re-proposed Quota 41 (the possibility of going out with 41 years of contributions regardless of age, ed). In the center-left there...

July 25, 2022

News2022, Italy, Pension Reform, Public Pensions

April 2025

Italy’s fertility rate hits record low in 2024

April 2024

Italian schemes bolster ESG standards in private equity allocations

March 2024

Older Workers, Pension Reforms and Firm Outcomes

January 2024

OECD tells Italy to curtail State pensions for high earners

November 2023

Pension Reforms, Longer Working Horizons and Absence from Work

September 2023

Lessons From Japan And Italy On Managing The Aging Population

July 2023

Pensions, 54% of Italians fear that they are insufficient to live on. Private savings are essential

November 2022

Analysis: Italy’s Meloni needs urgent fix for ballooning pensions bill

Italy to Boost Pension Spending in Bid to Keep Up With Inflation

July 2022

Italy. Pensions at the center of the electoral campaign, here are the parties’ proposals