Research

CeRP carries out research, both theoretical and empirical, on issues related to pension economics and the economics of ageing, on factors affecting retirement and, more generally, on the welfare of the elderly.

A key research activity is the construction of simulation models to evaluate the performance of pension systems as well as their micro-economic features, on the basis of money’s worth and other indicators. Particular attention is paid to policy implications and the debate on pension reform at the Italian and European level.

Specific research topics include:

• households’ saving with a focus on wealth accumulation for (dis saving in) old age;
• intra/intergenerational fairness and redistributive effects of different pension systems;
• incentives to retirement and retirement patterns, paths and choices;
• earning profiles, labor productivity and pension reforms;
• life insurance and annuities;
• intergenerational accounting;
• long term care and women’s workforce participation;
• participation, governance and financial aspects of pension funds;
• asset allocation policy of pension funds;
• the effect of economic-financial literacy on personal wellbeing and on the effectiveness of reforms.

CeRP is part of various international networks, particularly in the field of policy-oriented research and in the evaluation of pension systems and reforms, and collaborates with international institutions, such as the OECD and the World Bank.