TY  - UNPD
A1  - Bottazzi, Renata
A1  - Jappelli, Tullio
A1  - Padula, Mario
T1  - Retirement expectations, pension reforms and their impact on private wealth accumulation
T2  - Center for Financial Studies (Frankfurt am Main): CFS working paper series ; No. 2006,10
N2  - We estimate 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 Survey of Household Income and Wealth, a large random sample of the Italian population, elicits expectations of the age at which workers expect to retire and of the ratio of pension benefits to pre-retirement income between 1989 and 2002. We find that workers have revised expectations in the direction suggested by the reform and that there is substantial offset between private wealth and perceived pension wealth, particularly by workers that are better informed about their pension wealth. Klassifikation: E21, H55
T3  - CFS working paper series - 2006, 10 
KW  - expectations
KW  - pension reform
KW  - Haushalt
KW  - Erwartung
KW  - Ruhegeld
KW  - Ruhestand
KW  - Wohlstand
KW  - Italien
KW  - Geschichte 1989-2002
Y1  - 2006
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/2810
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30-26018
ER  -