Professor of Political Economy at the University of Turin; former Minister of Labor, Social Policies and Gender Equality of Italy
Elsa Fornero is Professor of Political Economy at the University of Turin, Faculty of Economics; Scientific Coordinator of CeRP – Center for Research on Pensions and Welfare Policies; Honorary fellow of Collegio Carlo Alberto; Research fellow of Netspar - Network for Studies on Pensions, Aging and Retirement; Member of the Scientific Council of the Observatoire de l'Epargne Européenne.
She is the author of many publications about public and private pension systems, pension reforms, population aging, households saving, retiring choices and life insurance. On behalf of the World Bank she assessed the pension systems of Russia, Latvia, Macedonia and Albania.
She served as Minister of Labour, Social Policies and Equal Opportunities in Italy’s “technical” government (16 Nov. 2011- 28 April 2013) and in this capacity conceived and drafted the controversial pension and labour market reforms (end 2011 and mid 2012 respectively) fundamental to the lifting of the EU excessive deficit procedure against Italy and intended to realize a long term intergenerational income redistribution from the middle aged to the younger generations. She has returned to academic life.
Elsa Fornero has been a member of the Steering Committee of the PhD Programme in Social Protection Policy at the Maastricht Graduate School of Governance (University of Maastricht); a member of the Steering Committee of the Doctoral Programme in Economic Sciences at the University of Turin; Vice-President of the Supervisory Board of Intesa Sanpaolo Bank (2008-2010) ; Member of the Evaluation Unit of the Welfare Expenditure, established at the Welfare Ministry (2005-11); Member of the Steering Board of SIE, Italian Association of Economists, (2005-7) and op-ed writer for the Italian economic daily “Il Sole-24 ore”.
She was awarded the Saint Vincent Price for Economics (with Ignazio Musu) in 2001; the INA International Prize for the Economics, Finance and Statistics of Private Insurance by the Accademia Nazionale dei Lincei (with Olivia Mitchell) in 2003; the “La Mela d’Oro / Women: innovation and human capital ” prize by the Marisa Bellisario Foundation, in 2011; the Tarantelli prize for Aspl, (social insurance for employment) selected as best economic idea of the year she has been awarded by “Club dell’Economia” in 2013.