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Nepotism vs specific skills: the effect of professional liberalization on returns to parental back ground of Italian lawyers

Author

Listed:
  • Michel Raitano
  • Francesco Vona

    (OFCE, Sciences Po, Paris, France)

Abstract

We study the mechanisms of intergenerational inequality among Italian lawyers over the period 1994- 2014 using a longitudinal dataset that combines administrative and survey data. We first estimate a 17.5% earnings premium for a law family background within the group of lawyers, so conditional on entering the profession. We then exploit the 2003-2006 liberalization process, which asymmetrically affected the two main transmission mechanisms: skill transfer and nepotism. We find that liberalization squeezed the law background return by at least 3/5, thus revealing a high incidence of nepotism. The bulk of the reduction occurred for the youngest lawyers and the top earners

Suggested Citation

  • Michel Raitano & Francesco Vona, 2018. "Nepotism vs specific skills: the effect of professional liberalization on returns to parental back ground of Italian lawyers," Documents de Travail de l'OFCE 2018-36, Observatoire Francais des Conjonctures Economiques (OFCE).
    • Handle: RePEc:fce:doctra:1836
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    Cited by:

    1. Maria Ventura, 2025. "Following in the family footsteps: Incidence and returns of occupational persistence," CEP Discussion Papers dp2121, Centre for Economic Performance, LSE.
    2. Bamieh, Omar & Cintolesi, Andrea, 2021. "Intergenerational transmission in regulated professions and the role of familism," Journal of Economic Behavior & Organization, Elsevier, vol. 192(C), pages 857-879.
    3. David de la Croix & Marc Goñi, 2024. "Nepotism vs. intergenerational transmission of human capital in Academia (1088–1800)," Journal of Economic Growth, Springer, vol. 29(4), pages 469-514, December.
    4. Karol Jan Borowiecki & Martin Hørlyk Kristensen & Marc T. Law, 2025. "What’s in a Name? Dynasties, Selection, and Talent Allocation Among Classical Composers," ACEI Working Paper Series AWP-03-2025, Association for Cultural Economics International.
    5. Giuseppe Rose & Francesco Mazzulla, 2023. "Relaxing Occupational Licensing In Italy: A Staggered Difference In Differences Analysis Using Balance-Sheet Data Of Italian Pharmacies," Working Papers 202302, Università della Calabria, Dipartimento di Economia, Statistica e Finanza "Giovanni Anania" - DESF.
    6. Gaetano Basso & Eleonora Brandimarti & Michele Pellizzari & Giovanni Pica, 2021. "Quality and Selection in Regulated Professions," Development Working Papers 467, Centro Studi Luca d'Agliano, University of Milano.
    7. Maurizio Franzini & Fabrizio Patriarca & Michele Raitano, 2020. "Correction to: Market competition and parental background wage premium: the role of human and relational capital," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 18(4), pages 639-639, December.

    More about this item

    Keywords

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    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • J44 - Labor and Demographic Economics - - Particular Labor Markets - - - Professional Labor Markets and Occupations
    • I24 - Health, Education, and Welfare - - Education - - - Education and Inequality

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