LINKIETSA.IT: PENSIONS SHOULD BE A LEVER FOR GROWTH, NOT A SOURCE OF REVENUE

LINKIETSA.IT: PENSIONS SHOULD BE A LEVER FOR GROWTH, NOT A SOURCE OF REVENUE

In Linkiesta.it, the Istituto Bruno Leoni, as part of the Epicenter network, argued that pensions should serve as a lever for economic growth rather than merely a source of public revenue. The editorial highlights that Europe, and especially Italy, holds substantial pension savings locked in low-productivity assets, while funded systems in the United States mobilise the equivalent of 150% of GDP compared with only 25% in the EU. Drawing on analysis from the IBL-Epicenter study on the next Multiannual Financial Framework, it notes that only Denmark, Sweden and the Netherlands have successfully turned pension systems into a driver of growth, and calls for greater freedom for pension funds to invest productively, full accountability of fund managers to workers, and the removal of tax disincentives that favour government bonds over productive assets.

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EPICENTER publications and contributions from our member think tanks are designed to promote the discussion of economic issues and the role of markets in solving economic and social problems. As with all EPICENTER publications, the views expressed here are those of the author and not EPICENTER or its member think tanks (which have no corporate view).

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EPICENTER publications and contributions from our member think tanks are designed to promote the discussion of economic issues and the role of markets in solving economic and social problems. As with all EPICENTER publications, the views expressed here are those of the author and not EPICENTER or its member think tanks (which have no corporate view).

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