Center for Research on Pensions and Welfare Policies (CeRP)
Центры, Исследовательские и аналитические
|Цели и задачи||
This is the first centre specifically focusing on the study of pensions and welfare policies in Italy. Research is addressed to the various forms of pension provisions: public and private, compulsory and free, pay-as-you-go and funded. The centre aims at being a reference point for all institutions dealing with pension issues, both under an economic and a financial perspective.
CeRP aims to conduct original theoretical and empirical research on issues related to the welfare systems, including the public pay-as-you-go "pillar" and the private funded "pillar", with special attention to pension funds. With these goals in mind, CeRP intends to act as a catalyst for studies in progress at the University of Turin and elsewhere and to offer researchers an independent surrounding. CeRP intends also to become a centre for the post-graduate education directed at young researchers with a strong background in economics and finance, and interested in studying pension provisions, retirement decisions, the population ageing and the public and private systems designed to address these issues. The centre awards scholarships to researchers and scholars - from Italian and foreign universities and research centres - who wish to specialise in fields related to the CeRP research areas.
Elsa Fornero, Director of CeRP
Nature and problems of public pay-as-you-go social security (sustainability of present systems in Italy and in other countries; distributional flows and their incentive structure etc)
Scope and opportunity for Pan-European pension legislation
Feasibility of setting up a funded component alongside the public system (optimal composition of pay-as-you-go/funding of the retirement provision portfolio)
Consequences of innovation in social security systems on saving and growth
Problems of transition and inter-generational equilibrium (the function of pension funds and life insurance etc)
Distributional consequences of pension reforms
Choice between the "defined contribution" and "defined benefit" formulas
Pension funds and insurance companies as financial intermediaries
Asset allocation of pension funds and insurance companies
Optimal portfolio composition over the life-cycle
Effects of pension funds on corporate governance
Developing an Annuity Market in Europe (forthcoming) by Elsa Fornero and Elisa Luciano (eds), Cheltenham: Edward Elgar. The volume is based on the proceedings of CeRP 2002 conference.
Pension Policy in an Integrating Europe (2003) by Onorato Castellino and Elsa Fornero (eds), Cheltenham: Edward Elgar. View the book front cover del volume. The volume is based on the proceedings of CeRP 2001 conference.
NEW "Older workers and pensioners: the challenge of ageing on the Italian public pension system and labour market", by Angelo Marano and Paolo Sestito; WP CeRP N° 32/04
"Risk aversion and the utility of annuities", by Giacomo Ponzetto; WP CeRP N° 31/03
"A switch criterion for defined contribution pension schemes", by Bas Arts and Elena Vigna; WP CeRP N° 30/03
"The Realized Equity Premium has been Higher than Expected: Further Evidence", by Marco Taboga; WP CeRP N° 29/02
"New Tools in Micromodeling Retirement Decisions: Overview and Applications to the Italian Case", by Luca Spataro; WP CeRP N° 28/02
"Annuities in Germany before and after the Pension Reform of 2001", by Reinhold Schnabel; WP CeRP N° 27/02 (forthcoming in Fornero E. and E. Luciano (eds), Developing an Annuity Market in Europe, Cheltenham: Edward Elgar)
"Issues in the Regulation of Annuities Markets", by E. Philip Davis; WP CeRP N° 26/02 (forthcoming in Fornero E. and E. Luciano (eds), Developing an Annuity Market in Europe, Cheltenham: Edward Elgar)
"The Behaviour of UK Annuity Prices from 1972 to the Present", by Edmund Cannon and Ian Tonks; WP CeRP N° 25/02 (forthcoming in Fornero E. and E. Luciano (eds), Developing an Annuity Market in Europe, Cheltenham: Edward Elgar)
"Valuation of Guaranteed Annuity Conversion Options", by Laura Ballotta and Steven Haberman; WP CeRP N° 24/02 (forthcoming in Fornero E. and E. Luciano (eds), Developing an Annuity Market in Europe, Cheltenham: Edward Elgar)
"Longevity Risk in Living Benefits", by Ermanno Pitacco; WP CeRP N° 23/02 (forthcoming in Fornero E. and E. Luciano (eds), Developing an Annuity Market in Europe, Cheltenham: Edward Elgar)
"Annuity Risk: Volatility and Inflation Exposure in Payments from Immediate Life Annuities", by Chris Soares and Mark Warshawsky; WP CeRP N° 22/02 (forthcoming in Fornero E. and E. Luciano (eds), Developing an Annuity Market in Europe, Cheltenham: Edward Elgar)
"Annuities for an Aging World", by Olivia S. Mitchell and David McCarthy; WP CeRP N° 21/02 (forthcoming in Fornero E. and E. Luciano (eds), Developing an Annuity Market in Europe, Cheltenham: Edward Elgar)
"Dual Retirement in Italy and Expectations", by Mauro Mastrogiacomo; WP CeRP N° 20/02
"Optimal Portfolio Strategies with Stochastic Wage Income and Inflation: The Case of a Defined Contribution Pension Plan", by Paolo Battocchio and Francesco Menoncin; WP CeRP N° 19/02
+39 011 6402402
+39 011 6403680
Italia, Moncalieri, Via Real Collegio 30 -- 10024 Moncalieri (TO) -- Italy
allocation of pension effect of pension fund function of pension fund life insurance Pan-European pension pension reform social security system
Varieties of Capitalism and Pension Reform: Will the Riester Rente Transform the German Coordinated Market Economy?
Focus on Austria. 2003. No. 2. P. 102-108.
Astin Bulletin. 1998. Vol. 28. No. 2. P. 269-283.