Alessandro Izzo

Do workers retire early because they fear pension reforms? In this paper with @PieraBello and @vingalasso we study how policy uncertainty shapes retirement decisions. A summary thread🧵1/9 papers.ssrn.com/sol3/papers.cf…

New CEPR Discussion Paper - DP21344 Retirement under policy uncertainty Piera Bello @UniBergamo, Vincenzo Galasso @vingalasso @Unibocconi, Alessandro Izzo @BostonCollege ow.ly/PMNQ50YB6j1 #CEPR_PE #EconTwitter

Policy takeaway: 1⃣Frequent pension reforms don’t just change incentives, they influence behaviour before reforms happen. 2⃣Uncertainty itself has real labor supply effects 3⃣Designing and reforming pension systems should account for this implicit cost. 9/9

How much is this insurance worth? On average income (€35k), workers are willing to give up about €481 per year to insure against pension reform risk. That’s a measurable price of policy uncertainty. 8/9

Do workers retire early because they fear pension reforms? In this paper with @PieraBello and @vingalasso we study how policy uncertainty shapes retirement decisions. A summary thread🧵1/9 papers.ssrn.com/sol3/papers.cf…

ITALY TO HOST THE LOUIS VUITTON 38TH AMERICA’S CUP IN THE CITY OF NAPLES IN 2027 Read the full story here: americascup.com/news/3798_ITAL…

Pop(e) science unibocconi.it/en/news/networ…

Nice insights on how people reason about a major economic issue

An interesting contribution