The dejuvenation of the Italian population

In recent decades, a process of structural reduction of the weight of new generations in overall population (dejuvenation) has been observed. In Italy, this process started in the 1970s and accelerated in the 1990s. We present here its main consequences for Italian society and economy. The number of Italian young people (aged 0–29) was reduced from 24.5 million in 1951 (51.6% of the population) to 17.5 million in 2016 (28.8%). What is more, many young Italians are becoming a wasted resource and a social cost, facing high rates of unemployment, long economic dependence on the family of origin, renunciation of full achievement of their life plans, distrust of institutions, low social and political participation, and increasing emigration flow. We analyze, using multivariate models, the data of the Rapporto Giovani survey held by the Toniolo Institute in 2015. Our main finding is that generational disadvantages not only hamper economic growth but, in a familistic context, also exacerbate social inequalities.