Two crisis, two welfare

Abstract

In the early years of the new millennium, 2008-2009, a devastating financial and economic crisis crossed the world economy causing extensive damage to production systems and employment levels. Ten years later a dramatic new crisis hit the world economy. In both situations, Italy reacted with massive economic policies to increase public spending in order to contain the effects of the collapse, trying to preserve employment levels and the productive economic firms. Measures have been taken by the Italian governments in two crisis, to stop the fall in employment and produce pubblic income schemes for the workers. This paper analyses the nature of such programs,outlining structure and implementation dynamics.