Italy: The Effects of Covid-19 on the Italian Pension System
Under many aspects 2020 was an extraordinary year, and for the Italian Pension System, it was no different. During the year, 746,146 deaths were registered, the highest number since the end of World War II. Compared to the yearly average deaths recorded for the years 2015-2019, equal to 645,620, there was an “excess mortality” of 100,526 units (15.6% more). Of those, 96.3% were people aged 65 or more. Thus, this phenomenon had a direct effect…
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