Titolo The Italian Pension System: A Compact Historical Overview (1898-1970) Periodico Rivista di storia economica Anno: 2018 - Fascicolo: 2 - Pagina iniziale: 241 - Pagina finale: 254
This paper provides a compact overview of the evolution and the development of the pension system, in the period between 1898 and 1970, focusing on the aspect of financial equilibrium. After a brief review of the origins of the Italian social security system, the technical methods of financing are considered, analysing the reasons for the crisis of the capital-funded pension scheme and the adoption of the pay-as-you-go scheme.