Effects of the Covid Pandemic on the Economic Vulnerability of Italian Society

Marco Fattore () and Stefania M.L. Rimoldi ()
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Marco Fattore: University of Milano-Bicocca
Stefania M.L. Rimoldi: University of Milano-Bicocca

Hacienda Pública Española / Review of Public Economics, 2023, vol. 247, issue 4, 37-68

Abstract: This paper provides some insights on the effects of the Covid pandemic, on the economic vulnerability of Italian society. Data come from the first 5 waves of a special social survey, held by Bank of Italy, to monitor the economic consequences of the Covid emergency. Economic vulnerability is assessed through a set of four ordinal variables, then condensed into a synthetic measure, by using tools from Partial Order Theory; social groups are identified based on profiling socio-economic variables. Results reveal the heavy economic impact of the pandemic and the risk of increased polarization of the Italian society.

Keywords: Covid-19; Economic vulnerability; Italy. (search for similar items in EconPapers)
JEL-codes: C43 C49 C63 I32 (search for similar items in EconPapers)
Date: 2023
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