The behavioural power of Default Options: Italy's 2026 TFR reform, nudge effects on workers decisions and cross-European evidence

This thesis investigates the impact of behavioral biases on retirement decisions in Italy, focusing on the role of defaults and nudges in supplementary pension participation. It examines the July 2026 reform, which shortens the TFR opt-out period from six to two months, strengthening automatic enrolment. Combining behavioral economics literature, analysis of the Italian pension system, European comparisons, and a predictive model of enrolment responses, the study evaluates the reform’s expected effects and offers policy recommendations to increase complementary pension uptake.