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| Tekijä: | Bottazzi, R. Jappelli, T. Padula, M. |
| Otsikko: | Retirement expectations, pension reforms, and their impact on private wealth accumulation |
| Lehti: | Journal of Public Economics
2006 : DEC, VOL. 90:12, p. 2187-2212 |
| Asiasana: | expectations pensions reforms |
| Kieli: | eng |
| Tiivistelmä: | This article estimates the effect of pension reforms on households' expectations of retirement outcomes and private wealth accumulation decisions exploiting a decade of intense Italian pension reforms as a source of exogenous variation in expected pension wealth. The results show that workers have revised expectations in the direction suggested by the reform. It also showed that there is substantial offset between private wealth and perceived pension wealth, particularly by workers that are better informed about their pension wealth. |
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