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

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.