Poverty dynamics and social transfers in Italy in the early 1990s

Poverty dynamics and the ability of the Italian welfare system to reduce po verty are investigated by using the 1991-1995 Panel of the Bank of Italy's Survey of Household Income and Wealth Households most exposed to poverty li ve in the South, have a larger size, a young or female head, with a low edu cational level or a discontinuous work Profile. The dynamic and static effe ctiveness (in terms of poverty reduction) of social transfers is analysed, as well as the factors affecting exclusion from the safety net. A closer lo ok is taken at the effects of a minimum inco,ne guarantee in the experiment al phase in Italy.