Matteo Jessoula, Michele Raitano

Pension systems and inequality: A complex challenge, equity as lodestar

  • Abstract

Informations and abstract

Keywords: Pension systems, inequality, reforms, equity, notional defined contribution.

Life conditions and market mechanisms generate inequalities, which may be neutralized, reproduced or even aggravated by welfare systems and pension rules. Therefore, the article first outlines the complex relationship between inequality and pensions both analytically and in a comparative-historical perspective. Then, it applies the conceptual and analytical framework in order to capture the main inequality profiles emerged after three decades of retrenchment reforms in the field of pensions in Italy. In the conclusion, we argue that reforms strategies aimed at tackling inequality in retirement should necessarily be inspired by equity principles.

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