Private saving and the government deficit in Italy

Rossi, Nicola; Visco, Ignazio; Ando, Albert; Guiso, Luigi

doi:10.1017/cbo9780511664557.004

Cited by 16 publications

(24 citation statements)

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“…The energy centroid of PDR for 208 Pb is located around 7.0MeV in good agreement with recent experimental data which indicate E PDR,Pb = 7.36MeV [11]. For 68 Ni we obtain 9.8MeV, very close to the recent reported data E PDR,Ni = 9.9MeV [26]. We observe that GDR energy centroid is underestimated in comparison with the experimental results, a fact related with the choice of the interaction which has not an effective mass [27].…”

Section: Resultssupporting

confidence: 91%

Collective features of nuclear dynamics with exotic nuclei within microscopic transport models

Baran

Colonna

Toro

et al. 2014

EPJ Web of Conferences

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Abstract. We employ a transport model based on Landau-Vlasov equation to explore the dipolar response of neutron rich systems and its dependence on the symmetry energy. We present evidences for collective features of the Pygmy Dipole Resonance (PDR) and study its dependence with the mass number. We extract a parametrization for the energy centroid position, 41A −1/3 , which agrees quite well with the data for Ni, Zr, Sn and Pb. A linear correlation between the Energy Weighted Sum Rule (EWSR) associated to PDR and the neutron skin thickness is evidenced. An increase of 15MeV f m 2 of EWSR to a change of 0.1 f m of neutron skin size is obtained. We conclude that different nuclei having close neutron skin size will exhaust the same EWSR in the pygmy region. Consequently a precise experimental estimate of total EWSR exhausted by PDR allows the determination of the neutron skin size and to constrain the slope parameter of the symmetry energy.

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Section: Resultssupporting

confidence: 91%

Collective features of nuclear dynamics with exotic nuclei within microscopic transport models

Baran

Colonna

Toro

et al. 2014

EPJ Web of Conferences

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“…To our knowledge time series studies include Rossi and Visco (1994) 11 for Italy, who are able to attribute part of the decline occurred during the 1980s in the saving rate to the increased generosity of the social security in the 1970s. In other countries the relationship between pension wealth and private fungible wealth emerging from time series data is poorly determined 12 .…”

Section: Crowding Outmentioning

confidence: 99%

Savings: the policy debate in Europe

Börsch‐Supan

Brugiavini

2001

Oxford Review of Economic Policy

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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 current generosity of pay-as-you-go financed pensions is hardly sustainable in the light of population ageing? And if so, which policy steps have to be taken to alleviate this transition? Second, does the evolution of a "new financial landscape" in Europe necessitate policy response in terms of taxation and regulation, specifically considering the increase in pension funds? And third, closely related to the other two issues, is there too much or too little saving in an ageing Europe? Will pension reform and the new financial landscape increase or decrease overall saving? Do we need to subsidise saving more or less than we currently do? The paper reviews economic theory and empirical evidence on these intertwined issues. Most importantly, it identifies many gaps in our theoretical and empirical knowledge that caution us against overly strong policy recommendations. Addresses:MEA,

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“…To our knowledge time series studies include Rossi and Visco (1994) 8 for Italy, who are able to attribute part of the decline occurred during the 1980s in the saving rate to the increased generosity of the social security in the 1970s. In other countries the relationship between pension wealth and private fungible wealth emerging from time series data is poorly determined 9 .…”

Section: Substitution and Crowding Outmentioning

confidence: 99%

What We Know and What We do not Know about the Willingness to Provide Self-Financed Old-Age Insurance

Börsch‐Supan¹

2001

Pensions: More Information, Less Ideology

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As the publicly financed pay-as-you-go pension systems in Europe come under increasing pressure, workers and politicians rediscover private savings for retirement in Europe -the provision of selffinanced rather than state-financed old-age insurance. This paper summarizes our knowledge about the retirement savings motive, and particularly the willingness of individuals to participate in voluntary and/or mandatory private saving schemes for retirement. We also review our knowledge of crowdingout effects, that is, to which extent state-financed old-age insurance substitutes for self-provided old-age insurance, and to which extent retirement saving crowd out other saving. The state of the art is less than satisfactory. We have little reliable evidence on life-cycle saving patterns and its policy determinants. Moreover, while we have some convincing evidence that there is substitution between public and private old-age insurance, the extent of potential crowding out is still very much disputed. One of the main reasons is lack of suitable data. The paper points to specific strategies that enable our governments to base current and future pension reform decisions on a more solid foundation.

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Private saving and the government deficit in Italy

Cited by 16 publications

References 0 publications

Collective features of nuclear dynamics with exotic nuclei within microscopic transport models

Collective features of nuclear dynamics with exotic nuclei within microscopic transport models

Savings: the policy debate in Europe

What We Know and What We do not Know about the Willingness to Provide Self-Financed Old-Age Insurance

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