Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Ageing, Financial Markets and Monetary Policy

Ageing, Financial Markets and Monetary Policy

Auerbach, Alan J.
Herrmann, Heinz

Hardcover

AccountingEconomicsInvesting & Finance

ISBN10: 3540427279
ISBN13: 9783540427278
Publisher: Springer Nature
Published: Mar 6 2002
Pages: 350
Weight: 1.45
Height: 1.00 Width: 6.46 Depth: 9.40
Language: English
net income. It draws on the experience gained when the social security system in Italy was reformed in the early 1990s, which led to drastic reductions in the number of claims against the statutory pension scheme. The various sectors of the population (elderly people, young people, public employees as opposed to private- sector employees, etc.) were affected to differing degrees. From Brugiavini's estimates, it becomes clear that a reduction in claims against the statutory pension system has led to a markedly increased willingness to save, particularly in the sectors of the population which were most affected. Reinhold Schnabel starts by discussing possible consequences of a pension cut from a German perspective. He discusses possible effects on saving and labour supply. In the second part of his comments he questions whether all of Brugiavini's interpretations of the Italian experiment are convincing. He doubts in particular, whether the reform was unexpected.

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