The paper compares two European pension reforms of the 90’s, the Italian and the Swedish, both based on the so called Notional Defined Contribution scheme that merges the pay-as-you-go financial architecture with the award and indexation formulas typical of defined-contribution funded systems. The analysis moves from a theoretical framework allowing to better understand the Italian and the Swedish implementations of the NDC model. The comparative analysis shows the incongruities and fragility of the Italian reform as opposed to the coherence and rationality of the Swedish one.

Implementing the NDC theoretical model: a comparison of Italy and Sweden / Gronchi, Sandro; Nistico', S.. - STAMPA. - (2006), pp. 493-515.

Implementing the NDC theoretical model: a comparison of Italy and Sweden

GRONCHI, Sandro;
2006

Abstract

The paper compares two European pension reforms of the 90’s, the Italian and the Swedish, both based on the so called Notional Defined Contribution scheme that merges the pay-as-you-go financial architecture with the award and indexation formulas typical of defined-contribution funded systems. The analysis moves from a theoretical framework allowing to better understand the Italian and the Swedish implementations of the NDC model. The comparative analysis shows the incongruities and fragility of the Italian reform as opposed to the coherence and rationality of the Swedish one.
2006
Pension Reform: Issues and Prospects for Non-Financial Defined Contribution (NDC) Pension Schemes
0821360388
02 Pubblicazione su volume::02a Capitolo o Articolo
Implementing the NDC theoretical model: a comparison of Italy and Sweden / Gronchi, Sandro; Nistico', S.. - STAMPA. - (2006), pp. 493-515.
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11573/149722
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