| Description |
1 online resource (50 pages) : illustrations |
| Series |
[IMF working paper ; WP/98/74] |
|
IMF working paper ; WP/98/74.
|
| Summary |
There has, in recent years, been a growing consensus that public expenditure on social protection in Italy suffers from severe shortcomings. These were summarized in a report issued in February 1997 by a special commission on social expenditure, known as the Commissione Onofri.2 The report recognized the system to be inadequately targeted, fragmented, and excessively complex. In particular, it found it to be inequitably skewed toward the elderly and "insiders." Excess expenditure on pensions overprotects retirees, and other support mechanisms are largely limited to present or past participants in the regular labor force (notably in large industrial firms). The system thus fails in its primary task of providing an effective safety net for those most in need, in particular for those who never joined the formal labor market, notably among women and the young. These failings are evidenced by trends in poverty and inequality indices-hence the characterization of the Italian social protection system as "the poverty of welfare."3 In addition, the absence of more general support mechanisms has discouraged mobility and risk-taking in the labor market, and hindered labor layoffs where required (for example, at the present juncture, in the banking sector). The consequent recourse to ad hoc early retirement schemes and other special provisions, and the related proliferation of "different rules for different groups," has distorted intragenerational equity |
| Bibliography |
Includes bibliographical references (pages 49-50) |
| Notes |
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL |
|
English |
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digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL |
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Print version record |
| Subject |
Social security -- Italy
|
|
Economic security -- Italy
|
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Welfare economics.
|
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Economic security
|
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Social policy
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Social security
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Welfare economics
|
| SUBJECT |
Italy -- Social policy
|
| Subject |
Italy
|
| Form |
Electronic book
|
| Author |
Utili, Francesca, author.
|
|
International Monetary Fund, issuing body.
|
|
International Monetary Fund. European I Department.
|
| ISBN |
1281601594 |
|
9781281601599 |
|
1451895968 |
|
9781451895964 |
|
1462341918 |
|
9781462341917 |
|
1452736138 |
|
9781452736136 |
|
9786613782281 |
|
6613782289 |
|
9781451849561 |
|
1451849567 |
| ISSN |
2227-8885 |
|
