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Intergenerational Persistence in Educational Attainment in Italy

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Author Info

  • Checchi, Daniele

    ()
    (University of Milan)

  • Fiorio, Carlo V.

    ()
    (University of Milan)

  • Leonardi, Marco

    ()
    (University of Milan)

Abstract

In this paper we show that there is a reduction in the correlation coefficient between father and children schooling levels over time in Italy. However, focusing on equality of circumstances, we show that there is still a persistent difference in the odds of attaining a college degree between children of college educated parents and children of parents with lower secondary education attainment. The explanation of these trends lies in differential impact of liquidity constraints and risk aversion. Some descriptive evidence on the persistent differential in returns to college education depending on father’s education is also provided.

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Bibliographic Info

Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 3622.

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Length: 40 pages
Date of creation: Jul 2008
Date of revision:
Publication status: published as 'Intergenerational persistence of educational attainment in Italy' in: Economics Letters, 2013, 118 (1), 229-232
Handle: RePEc:iza:izadps:dp3622

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Keywords: family background; educational attainment; Italy;

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References

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  24. Jere R. Behrman & Mark R. Rosenzweig, 2002. "Does Increasing Women's Schooling Raise the Schooling of the Next Generation?," American Economic Review, American Economic Association, vol. 92(1), pages 323-334, March.
  25. Checchi, Daniele & Ichino, Andrea & Rustichini, Aldo, 1999. "More equal but less mobile?: Education financing and intergenerational mobility in Italy and in the US," Journal of Public Economics, Elsevier, vol. 74(3), pages 351-393, December.
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