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.