IESS - Improving Effectiveness in Social Security

Public Debt

The Italian Department of the Treasury, through a dedicated directorate general, issues government securities and manages central government liabilities. This section provides constantly up-to-date information on public debt.

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Publications

The Publications section promotes the circulation of analyzes and research produced within the Treasury Department or presented by external economists in seminars organized with the aim of stimulating comments and suggestions.

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The two-year research project entitled IESS - Improving Effectiveness in Social Security, call for proposal ‘Support for the design of reform strategies for more cost-effective social protection systems’ (VP/2013/013) which started in May 2014, was submitted to the European Commission by Directorate I in partnership with INPS, Fondazione Giacomo Brodolini and the Centre for Economic and Social Inclusion.
The purpose of the call for proposal is to support the EU Member-States in the process of reforming their welfare systems to increase the adequacy, optimizing the trade-off between the cost of public finance and the positive impact on employment and growth, including in unfavorable economic and demographic conditions.

Specific objectives of the IESS project include:

the verification, through quantitative tools, of eventual adverse effects on the rate of GDP growth of an undifferentiated increase in the retirement age respect to the instruction and the gender;
the evaluation of the relevance of inadequacy risks of the performances of public pensions;
the analysis of the pros and cons of the complementary Italian pension system, taking into account the divergent tendencies of groups of workers to register themselves to pension funds.