Comparable Estimates of Intergenerational Income Mobility in Italy
AbstractThis paper examines the degree of intergenerational economic mobility in Italy. It adds to the growing number of international studies of the extent to which economic status is passed on across generations. On the basis of recent econometric innovations used in the literature, I am able to overcome some of the data limitations for Italy. I use the Historical Database of the Bank of Italy households survey, which contains information from 1977 to 2002. Retrospective information in the repeated cross-sections may be exploited by applying a two-sample two stage least squares estimation. I estimate the intergenerational income elasticity for Italy and find that mobility is limited. From an overall comparison, the evidence provided in this paper hints at Italy in the low-mobility group among advanced societies in the range of values characterising the US and the UK. The analysis of the results allows a characterization of interesting descriptive features in the transmission of economic status in Italy.
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Bibliographic InfoPaper provided by Department of Economics, University of Siena in its series Department of Economics University of Siena with number 471.
Date of creation: Jan 2006
Date of revision:
Intergenerational income mobility; two-sample two-stage least squares; mobility patterns.;
Other versions of this item:
- Piraino Patrizio, 2007. "Comparable Estimates of Intergenerational Income Mobility in Italy," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 7(2), pages 1-27, October.
- 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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