New Welfare

ALBERTO BRAMBILLA Consigliere di Amministrazione INPS, Rome, ItalyBARONESS HOLLIS OF HEIGHAM Parliamentary Under Secretary of State, Department of Social Security, UKMARIALUISA CEPRINI MIT, Cambridge, Massachusetts, USAGIUSEPPE GUZZETTI Presidente Fondazione Cariplo, Milan, ItalyRICCARDO ILLY Sindaco di Trieste, ItalyENRICO LETTA Ministro delle Politiche Comunitarie, Rome, ItalyFRANCO MODIGLIANI MIT, Cambridge, Massachusetts, USABENIAMINO MORO University of Cagliari, ItalyMARIO ORIO ANIA, Milan, ItalyRICCARDO PATERNÒ Università 'Federico II', Naples, ItalyCARLO SALVATORI Banca Intesa, Milan, ItalyCESARE SALVI Ministro del Lavoro e della Previdenza Sociale, Rome, ItalyROBERT M. SOLOW MIT, Cambridge, Massachusetts, USA

• PART ONE: HOW TO PROMOTE EMPLOYMENT A Misguided Monetary Policy at the Basis of the European Unemployment; F.Modigliani & M.Ceprini Employment Performance and Employment Policies in the EU; B.Moro Productivity and Job Creation in US and Europe; R.M.Solow Working Hours and Employment; R.Paternò Employment Issues in the Banking System; C.Salvatori Potential Alliances Between Public and Private Sectors for a New Welfare State: The Foundations Case; G.Guzzetti The Italians vs The European Union Social Expenditure: A Comparison; E.Letta PART TWO: HOW TO REFORM SOCIAL SECURITY Welfare State and Pensions in Italy: Who Benefits? Who Pays?; M.Baldassarri How to Save the Pension: Reforming the Financing of the European Social Security Systems: The Case of Italy; F.Modigliani & M.Ceprini Welfare: The British Proposal; Baroness Hollis of Heigham The Italian System of Social Security; A.Brambilla Public and Private Welfare: A Choice; M.Orio Capitalising the Future of the Pension System; R.Illy Social Security: System Founded on Three Pillars; C.Salvi