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On intergenerational mobility in Italy: what a difficult future for the young

Author

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  • Federica Roccisano

    () (Catholic University, Doctoral School in Economic Policy, Department of Economics and Social Sciences)

Abstract

The objective of this paper is to make a description of the economic perspective of young people in Italy. To do this we will analyze two important problems. First of all we analyze the level of public debt and the meaning of this for the present young generations as well for the future generations. Then we investigate the intergenerational mobility. After it, we'll estimate the intergenerational income elasticity for Italy using the TS2SLS estimator methodology. The analysis of the results highlights the particular situation of Italy in which the parental status can strongly influence the economic future of sons.

Suggested Citation

  • Federica Roccisano, 2013. "On intergenerational mobility in Italy: what a difficult future for the young," Review of Applied Socio-Economic Research, Pro Global Science Association, vol. 6(2), pages 203-216, December.
    • Handle: RePEc:rse:wpaper:v:6:y:2013:i:2:p:
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    References listed on IDEAS

    as
    1. Steven Haider & Gary Solon, 2006. "Life-Cycle Variation in the Association between Current and Lifetime Earnings," American Economic Review, American Economic Association, vol. 96(4), pages 1308-1320, September.
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    3. 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.
    4. Cheti Nicoletti & Marco Francesconi, 2006. "Intergenerational mobility and sample selection in short panels," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 21(8), pages 1265-1293.
    5. Costa, Dora L., 1998. "The Evolution of Retirement," National Bureau of Economic Research Books, University of Chicago Press, edition 1, number 9780226116082.
    6. J. Allister McGregor & James G Copestake & Geof D Wood, 2000. "The inter-generational bargain: an introduction," Journal of International Development, John Wiley & Sons, Ltd., vol. 12(4), pages 447-451.
    7. Black, Sandra E. & Devereux, Paul J., 2011. "Recent Developments in Intergenerational Mobility," Handbook of Labor Economics, Elsevier.
    8. Costa, Dora L, 1998. "The Evolution of Retirement: Summary of a Research Project," American Economic Review, American Economic Association, vol. 88(2), pages 232-236, May.
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    More about this item

    Keywords

    intergenerational equity; inequality; intergenerational mobility; public policy;

    JEL classification:

    • J62 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Job, Occupational and Intergenerational Mobility; Promotion
    • J68 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Public Policy

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