Comparable Estimates of Intergenerational Income Mobility in Italy
AbstractThis paper examines the degree and patterns of intergenerational economic mobility in Italy. It uses data from the Bank of Italy's repeated cross-section household survey. Retrospective information on parental economic status may be exploited by applying a two-sample two-stage least squares estimation. I estimate the intergenerational income elasticity for Italy and investigate the main mobility patterns across the distribution. From an overall comparison, the evidence provided in this paper hints that Italy is in the low-mobility group among advanced societies, in the range of values found in the U.S. and the UK. The transmission of economic status appears to be particularly strong at the top of the income distribution. I investigate the role of education in the transmission of economic status in Italy and find evidence that children with the same level of formal education seem to have unequal chances in the labor market depending on family background.
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Bibliographic InfoArticle provided by De Gruyter in its journal The B.E. Journal of Economic Analysis & Policy.
Volume (Year): 7 (2007)
Issue (Month): 2 (October)
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Web page: http://www.degruyter.com
Other versions of this item:
- Patrizio Piraino, 2006. "Comparable Estimates of Intergenerational Income Mobility in Italy," Department of Economics University of Siena 471, Department of Economics, University of Siena.
- J62 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Job, Occupational and Intergenerational Mobility; Promotion
- D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
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