More Equal but Less Mobile? Education Financing and Intergenerational Mobility in Italy and in the United States
AbstractA state school system should be expected to reduce income inequality and to make intergenerational mobility easier. It is therefore somewhat surprising to observe that Italy, in comparison to the United States, displays less inequality between occupational incomes, but lower intergenerational upward mobility, not only between occupations, but also between education levels. In this paper we provide evidence on this empirical puzzle, and offer a theoretical explanation building around the idea that even if in Italy moving up on the social ladder is easier, the incentive to move may be lower, making mobility less likely.it
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Bibliographic InfoPaper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 1496.
Date of creation: Oct 1996
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Find related papers by JEL classification:
- I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid
- J62 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Job, Occupational and Intergenerational Mobility; Promotion
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- Riccarda Longaretti, 2002. "Distribuzione della ricchezza e crescita quando i mercati dei capitali sono imperfetti. Una rassegna della letteratura recente," Working Papers 44, University of Milano-Bicocca, Department of Economics, revised Feb 2002.
- D. Fiaschi & R. Orsini, 1998. "Long Run Growth and Income Distribution in an Olg Model With Strategic Job-Seeking and Credit Rationing," Working Papers 331, Dipartimento Scienze Economiche, Universita' di Bologna.
- Mookherjee, Dilip & Napel, Stefan, 2007.
"Intergenerational mobility and macroeconomic history dependence,"
Journal of Economic Theory,
Elsevier, vol. 137(1), pages 49-78, November.
- Dilip Mokherjee & Stefan Napel, 2006. "Intergenerational Mobility and Macroeconomic History Dependence," Discussion Papers 1, Aboa Centre for Economics.
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