The length of working lives in Europe (2004)
Brugiavini, Agar, Peracchi, Franco
In this paper we ask what is the length of working life in Europe, whether it differs by gender,birth cohort and schooling level, and what are the main differences across countries. We also ask...
Savings : the policy debate in Europe (2004)
Brugiavini, Agar, Börsch-Supan, Axel
Thre issues dominate the public policy debate over savings in Continental Europe. First, can private savings substitute for public pensions in the provision of retirement income, given that the...
The Social Security Reform Process in Italy: Where do We Stand? (2003)
Brugiavini, Agar, Galasso, Vincenzo
A reform process is under way in Italy. Achieving financial sustainability of the social security system has been the first objective characterizing the reforms of 1990s, but these have also...
Pensions and retirement incentives: a tale of three countries: Italy, Spain and the USA (2003)
Brugiavini, Agar, Peracchi, Franco, Wise, David A.
This paper looks at the relationship between the institutional design of the social security system and retirement from the labour force in three countries: Italy, Spain and the USA. Our works...
Pensions and retirement incentives: a tale of three countries: Italy, Spain and the Usa (2002)
Brugiavini, Agar, Peracchi, Franco, Wise, David A.
This paper looks at the relationship between the institutional design of the social security system and retirement from the labour force in three countries: Italy, Spain and the USA. Our works...
Social security wealth and retirement decisions in Italy (2002)
Brugiavini, Agar, Peracchi, Franco
This paper uses administrative data to study the retirement decisions of Italian privatesector non-agricultural employees during the period 1977—1997. Our analysis tries to assess the importance of...
Micro modeling of retirement behavior in Italy (2001)
Brugiavini, Agar, Peracchi, Franco
This paper presents an empirical analysis of the retirement decisions of Italian workers. We emphasize the role played by dynamic incentives, built in the social security system, which encourage (or...
Longevity risk and the life cycle. (1990)
Thesis (Ph. D.)--University of London, 1990.
Rob Alessie, Agar Brugiavini, Guglielmo Weber
The paper deals with the e.ects of cohabitation of grown children with their parents on household saving, using data from Italy and the Netherlands. It presents a two-period gametheoretical model...
The choice of private pension plans under uncertainty
Agar Brugiavini, Richard Disney
Individuals in the UK now face an effective choice between joining different types of pension plan. We model this choice in a life cycle utility- maximising framework, for risk averse individuals. It...
Income uncertainty and consumption growth in the UK
James Banks, Richard Blundell, Agar Brugiavini
There is much interest in the importance of 'precautionary saving' - the degree to which uncertainty affects household consumption behaviour. In this paper we use household level data on income and...
Pensions and Retirement Incentives. A Tale of Three Countries: Italy, Spain and the USA
Agar Brugiavini, Franco Peracchi, David A. Wise
This paper looks at the relationship between the institutional design of the social security system and retirement from the labour force in three countries: Italy, Spain and the USA. Our works...
Fiscal Implications of Pension Reforms in Italy
Agar Brugiavini, Franco Peracchi
A "good" pension reform should address a number of issues. One important aspect is the financial soundness of the system, particularly in the light of the legacy that we leave to future generations....
Savings: The Policy Debate in Europe
Three issues dominate the public policy debate over savings in Continental Europe. First, can private savings substitute for public pensions in the provision of retirement income, given that the...
Non-exclusivity and adverse selection: An application to the annuity market
Agar Brugiavini, Gwenaël Piaser
Using a common agency framework, we characterize possible equilibria when annuities contracts are not exclusive. We discuss theoretical and empirical implications of these equilibria. First, we show...
Health, Welfare and Inequality
Gabriella Berloffa, Agar Brugiavini, Dino Rizzi
This paper uses data from the Health and Retirement Study (HRS) to study the relationship between health status and economic welfare at household level. We develop a model to estimate the welfare...
The Length of Working Lives in Europe
Agar Brugiavini, Franco Peracchi
In this paper we ask what is the length of working life in Europe, whether it differs by gender, birth cohort, and schooling level, and what are the main differences across countries. We also ask...
Pensions and Retirement Incentives. A Tale of Three Countries: Italy, Spain and the USA
Agar Brugiavini, Franco Peracchi, David A. Wise
This paper looks at the relationship between the institutional design of the social security system and retirement from the labour force in three countries: Italy, Spain and the USA. Our work...
Health, Income and Inequality: Evidence from a Survey of Older Italians
Gabriella Berloffa, Agar Brugiavini, Dino Rizzi
This paper uses the Survey of Health, Ageing and Wealth (SHAW) to study the relationship between health status and economic welfare at individual level. We develop a model to estimate the welfare...
An Empirical Analysis of Interfirm Mobility in Italy
We study the labor market histories of overlapping generations of young Italian workers during the years 1974-1994. We find evidence that worker mobility is higher among younger cohorts, which...
The Retirement Consumption Puzzle: Evidence from a Regression Discontinuity Approach
Agar Brugiavini, Erich Battistin,, Enrico Rettore, Guglielmo Weber
In this paper we investigate the size of the consumption drop at retirement in Italy. We use micro data on food and total non-durable household spending covering the period 1993-2004, and evaluate...
Risk pooling, precautionary saving and consumption growth
James Banks, Richard Blundell, Agar Brugiavini
In this paper we model the evolution ofincome risk and consumption growth.We decompose the time series innovation of the income process intoits common and cohort-specific components. From these we...
Retirement behaviour has been the focus of attention of much microeconomic research in recent years. At the same time, most industrialized countries are struggling with reforming their retirement...
The social security reform process in Italy: where do we stand?
BRUGIAVINI, AGAR, GALASSO, VINCENZO
A reform process is underway in Italy. Achieving financial sustainability of the social security system has been the first objective characterizing the reforms of 1990s, but these have also...
Non-exclusivity and adverse selection: An application to the annuity market
Agar Brugiavini, Gwenaël Piaser
Using a common agency framework, we characterize possible equilibria when annuities contracts are not exclusive. We discuss theoretical and empirical implications of these equilibria. First, we show...
Health, Welfare and Inequality
Gabriella Berloffa, Agar Brugiavini, Dino Rizzi
This paper uses data from the Health and Retirement Study (HRS) to study the relationship between health status and economic welfare at household level. We develop a model to estimate the welfare...
The Retirement Consumption Puzzle: Evidence from a Regression Discontinuity Approach
Agar Brugiavini, Erich Battistin,, Enrico Rettore, Guglielmo Weber
In this paper we investigate the size of the consumption drop at retirement in Italy. We use micro data on food and total non-durable household spending covering the period 1993-2004, and evaluate...
Savings: The Policy Debate in Europe
Three issues dominate the public policy debate over savings in Continental Europe. First, can private savings substitute for public pensions in the provision of retirement income, given that the...
Risk Pooling, Precautionary Saving and Consumption Growth.
Banks, James, Blundell, Richard, Brugiavini, Agar
In this paper we model the evolution of income risk and consumption growth. We decompose the time series innovation of the income process into its common and cohort-specific components. From these we...
MICRO MODELING OF RETIREMENT BEHAVIOR IN ITALY
Agar Brugiavini, Franco Peracchi
We thank Franco Mariuzzo and Ronni Pavan for excellent research assistance. We also thank the Bank of Italy, the INPS Administration and ISTAT for providing us with the data. Financial support from...
SOCIAL SECURITY WEALTH AND RETIREMENT DECISIONS IN ITALY
Agar Brugiavini, Franco Peracchi
This paper uses administrative data to study the retirement decisions of Italian privatesector non-agricultural employees during the period 1977—1997. Our analysis tries to assess the importance of...
PENSIONS AND RETIREMENT INCENTIVES. A TALE OF THREE COUNTRIES: ITALY, SPAIN AND THE USA
Agar Brugiavini, Franco Peracchi, David A. Wise
This paper looks at the relationship between the institutional design of the social security system and retirement from the labour force in three countries: Italy, Spain and the USA. Our works...
The length of working lives in Europe
AGAR BRUGIAVINI, FRANCO PERACCHI
In this paper we ask what is the length of working life in Europe, whether it differs by gender, birth cohort and schooling level, and what are the main differences across countries. We also ask...
Social Security And Households' Saving
Orazio P. Attanasio, Agar Brugiavini
This paper provides new evidence on the substitutability between private and pension wealth by exploiting the Italian pension reform of 1992. We use a difference-in-difference estimator that exploits...
Nonexclusivity and adverse selection: An application to the annuity market
Agar Brugiavini, Gwenaël Piaser
Using a common agency framework, we characterize possible equilibria when annuities contracts are not exclusive. We discuss theoretical and empirical implications of these equilibria. First, we show...
Savings: The Policy Debate in Europe
Börsch-Supan, Axel, Brugiavini, Agar
Three issues dominate the political debate over savings in Europe: First, can private savings substitute for public pensions in the provision of retirement income, given that the current generosity...
Social Security and Retirement in Italy
This paper analyzes the incentives provided by the Italian Social Security System (SS) to supply labor. Italy is an interesting example in this context as: (1) fertility rates are very low while life...
The Social Security Reform Process in Italy: Where do We Stand?
Agar Brugiavini, Vincenzo Galasso
A reform process is under way in Italy. Achieving financial sustainability of the social security system has been the first objective characterizing the reforms of 1990s, but these have also...
The Survey on Health, Aging and Wealth
Agar Brugiavini, Tullio Jappelli, Guglielmo Weber
Until very recently, health information has been mostly absent from Italian surveys of household budgets and economic conditions. Interest in the association between health outcomes, economic...
Fiscal Implications of Pension Reforms in Italy
Agar Brugiavini, Franco Peracchi
In this paper, we contribute to the current debate on the Italian pension system by analyzing the impact of social security reforms, in terms of both budgetary implications and distributional...
Fiscal Implications of Pension Reforms in Italy
Agar Brugiavini, Franco Peracchi
In this paper, we contribute to the current debate on the Italian pension system by analyzing the impact of social security reforms, in terms of both budgetary implications and distributional...
Pension Reforms and Women Retirement Plans
We analyse the effects of pension reforms on the planned retirement age of women by exploiting within country variation in pension wealth across cohorts of workers in Italy after the Amato and Dini...
Pension Reforms and Women Retirement Plans
We analyse the effects of pension reforms on the planned retirement age of women by exploiting within country variation in pension wealth across cohorts of workers in Italy after the Amato and Dini...
The Role of Institutions in European Patterns of Work and Retirement
Agar Brugiavini, Axel Börsch-Supan, Enrica Croda
This paper uses the Survey of Health, Ageing and Retirement in Europe (SHARE) to investigate the role of pension and social security institutions in shaping the European patterns of work and...
Youth Unemployment and Retirement of the Elderly: the Case of Italy
Agar Brugiavini, Franco Peracchi
This paper shows that the “lump of labor” assumption fails in Italy. The direct relationship between the unemployment rate of the young and the labor force participation of the old is...
The Role of Institutions in European Patterns of Work and Retirement
Agar Brugiavini, Axel Börsch-Supan, Enrica Croda
This paper uses the Survey of Health, Ageing and Retirement in Europe (SHARE) to investigate the role of pension and social security institutions in shaping the European patterns of work and...
Youth Unemployment and Retirement of the Elderly: the Case of Italy
Agar Brugiavini, Franco Peracchi
This paper shows that the “lump of labor” assumption fails in Italy. The direct relationship between the unemployment rate of the young and the labor force participation of the old is...
The retirement consumption puzzle: evidence from a regression discontinuity approach
Erich Battistin, Agar Brugiavini, Enrico Rettore, Guglielmo Weber
In this paper we investigate the size of the consumption drop at retirement in Italy. We use micro data on food and total non-durable household spending covering the period 1993-2004, and evaluate...
Ageing and unused capacity in Europe: is there an early retirement trap?
Viola Angelini, Agar Brugiavini, Guglielmo Weber
"We address the issue of how early retirement may interact with limited use of financial markets in producing financial hardship later in life, when some risks (such as long-term care) are not...