Munich Personal RePEc Archive

La Riforma del Welfare, il Paygo, i nuovi Ammortizzatori per il Mercato del Lavoro

Salerno, Nicola Carmine and Pammolli, Fabio (2012): La Riforma del Welfare, il Paygo, i nuovi Ammortizzatori per il Mercato del Lavoro. Published in: CeRM Short Economic Notes (15. April 2012): pp. 1-8.

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Abstract

The scale of PayGo has a maximum level of functioning over which nevative effects prevail over positive ones.

This means that, with almost all PayGo possibilities dedicated to pensions and health care (acute and Ltc), little or nothing remains for financing unemployment benefits schemes or other welfare expenditures.

This "saturation" of PayGo possibilities clearly emerges in the projections contained in the Stability Program of Italy, 2012 issue.

The same "saturation" situation would probably emerge if computations were developed on the Stability Program of any Western Europe country.

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