It Never Rains but It Pours. Subjective Poverty and Income Reduction after Covid-19 in Italy

The economic consequences of the COVID-19 pandemic might be different for different population sub-groups defined by age, educational level, working status and size of the household they live in, but also by the economic conditions before the pandemic. In this paper we use the special survey carried out by the Bank of Italy in April-May 2020 to identify which categories of individuals need more income support as they are more at risk of being in a condition of subjective poverty aggravated by the economic crisis due to the health emergency.