International Women's Rights Day

Gender equality: a still fragile but strategic goal for the Italian economy

Increasing female employment to the male level would increase Italy's GDP by 11-12% and foster innovation in family businesses

by Anna Maria Tarantola

3' min read

Translated by AI
Versione italiana

3' min read

Translated by AI
Versione italiana

I am often told that I am a role model because of my career path. Obviously, this is an accolade that pleases; but the reality is that it is not a linear path nor one without obstacles. I have encountered hardships, setbacks, moments when my career seemed to be on hold. Motherhood - two daughters - in an institutional context like that of the Bank of Italy, where merit is a strict criterion, led to a pause in annual evaluations, inevitably slowing down professional progression.

The need to care for my elderly and ill parents led me to give up a promotion that involved a transfer. The inconveniences in working relationships, the conditions that women often have to accept, the constant questions of "Why do you care?" when it was clear that less qualified men were being considered, and the constant pressure of always having to be prepared at the highest level, are elements of a cultural heritage that still deeply affects women's careers. Women are simply not forgiven for anything.

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The persistent burden of motherhood and care work

Today I can say that many of the difficulties encountered have structural roots. Motherhood and the burden of care continue to weigh heavily on women in particular, estimated at around 70 per cent, reducing their opportunities for work and professional development. The way forward is clear: more family sharing (unfortunately, men's recourse to parental leave remains low), more accessible nurseries and kindergartens, more public facilities dedicated to the elderly. These interventions are not just a matter of equity, but of social and economic efficiency.

The cultural legacy holding back equality

According to ISTAT's 2023 survey on gender stereotypes, although there is a slight improvement compared to 2018, widespread beliefs persist: men would be unsuitable for domestic care (21.4%), women would be primarily responsible for children and household chores (20.2%), motherhood would be a woman's duty (20.9%), and women would be less suitable for leadership because they are more emotional. Such stereotypes also affect young people: around four out of ten teenagers believe that it is up to the man to maintain the family, one in four that he should be in charge.

The effects are tangible: reduced quantity and quality of women's work, lower wages, limited career progression, increased economic dependency and vulnerability to gender-based violence. The impact is not only individual, but collective and cultural, and therefore difficult to eradicate.

Gender policies: steps forward and limitations

A number of significant regulations have been introduced in recent years. Starting with gender certification (L. 162/2021, PNRR), on a voluntary basis, to monitor the internal balance in companies; gender impact assessment (L. 167/2025), which requires the government to consider the impact on women in any new legislation; the UNI-PDR 180/2026 law, with gender balance KPIs in the economic and social planning of public administrations. And even before that, the Golfo-Mosca Law, which introduced the 40% quota of women in CDAs, although much remains to be done in unlisted companies and in top positions. And let us remember that even today only 6% of listed companies have a female CEO, among them Giuseppina Di Foggia, CEO of Terna.

Despite these regulatory advances, equality is progressing slowly and with risks of regression, as evidenced by the abolition of the principles of diversity and inclusion in the United States. In Italia, the female employment rate remains around 52-53 per cent, salaries 20 per cent below those of men, and top positions almost exclusively for men.

The economic impact of equality

Achieving full equality is not only a social goal: it is a strategic economic investment. Studies estimate that increasing female employment to the male level could increase Italy's GDP by 11-12%, improve the productivity and solidity of businesses (Cerved Rating Agency), foster innovation in family businesses (study Prof. Francesco Paolone), and increase tax revenues and human capital. Women's economic autonomy also reduces gender-based violence and increases decision-making capacity in public and private institutions.

Women express inclusive, transparent and long-term oriented leadership, combining operational and control skills with strategic vision. They demonstrate, in the contexts where they are present, that gender equality is not only an ethical principle, but a driver for the country's economic and social growth.

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