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For instance, from 1922 to the end of the Second
World War Mussolini with his fascistic ideas ruled the country. The first republic (1946 until
1992) had to clean up the mess after the war and in the remaining years, politics were
highlighted by social conflicts and political instability. In 2004, in Berlusconi’s second period as
prime minister, 59 governments served since the second world war. The average duration of a
government since then was thus less than a year.
The first pension plans were established for public employees in the second half of the
nineteenth century. A voluntary pension scheme for private employees, to provide old age and
disability benefits, was introduced in 1898 and was made compulsory in 1919 (Franco, 2001: 5) in which employees had to pay via a payroll tax...
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