By Organisation for Economic Co-Operation and Development
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Additional info for Ageing And Employment Policies: Italy (Ageing and Employment Policies)
Brugiavini and Peracchi (2003) also analyse the determinants of retirement for a sample of workers aged 50-69 years over the period 1977-1997. Their study confirms that workers tend to retire as soon they are entitled to. Furthermore, blue-collar workers seem more prone to early retirement than 12. The inverse relationship between educational attainment and unemployment rate is somewhat less clear-cut for younger workers, since those with tertiary education face a quite high unemployment. This may reflect the difficulty in finding a first job with little or no working experience or queuing while waiting for a good job opportunity.
A Labour force growth in Italy, 1970-2050 Millions, projections after 2000 Historical Maximum Constant Average 35 33 31 29 27 25 23 21 19 17 19 70 19 75 19 80 19 85 19 90 19 95 20 00 20 05 20 10 20 15 20 20 20 25 20 30 20 35 20 40 20 45 20 50 15 a) The “constant” scenario assumes that participation rates by five-year age groups and gender remain constant at their 2000 levels. The “average” scenario also assumes constant participation rates up to and including the age group 45-49 but for the older age groups they are projected to increase such that by 2030 they reach the OECD average recorded in 2000.
Other important changes were: 2. • A gradual lengthening of the reference period used to calculate benefits: to include an individual’s entire work history rather than the last few years of employment. • • An increase in the minimum requirements for seniority pensions. • A progressive increase in the statutory age of retirement from 60 for men and 55 for women to 65 and 60 years respectively. • Workers with 15 years of contributions as of 1992 were not covered under the new rules, apart from the new rule on indexing.
Ageing And Employment Policies: Italy (Ageing and Employment Policies) by Organisation for Economic Co-Operation and Development