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• W2499284610 abstract "Public spending for pensions is one of the most relevant items in government budgets. Such expenditure is considered to be a necessary intervention of the State in order to provide retired workers with a given level of income and consumption during old age. According to the simple, though effective life-cycle model, individuals smooths their consumption over their lives, so that during old age the saving rate becomes negative, that is consumption is sustained by a decrease in wealth. However, very often individuals are myopic and tend to save less money than they need during old age, and because of this there seems to be scope for public intervention." @default.
• W2499284610 created "2016-08-23" @default.
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• W2499284610 date "2007-01-01" @default.
• W2499284610 modified "2023-09-23" @default.
• W2499284610 title "Determinants of Pension Funds Underwriting and Implications for Portfolio Management: Evidence from Italy" @default.
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• W2499284610 doi "https://doi.org/10.1057/9780230626508_16" @default.
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