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Intergenerational Persistence in Educational Attainment in Italy

  • Checchi, Daniele

    ()

    (University of Milan)

  • Fiorio, Carlo V.

    ()

    (University of Milan)

  • Leonardi, Marco

    ()

    (University of Milan)

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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File URL: http://ftp.iza.org/dp3622.pdf
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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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  13. Bratti, Massimiliano & Checchi, Daniele & de Blasio, Guido, 2008. "Does the Expansion of Higher Education Increase the Equality of Educational Opportunities? Evidence from Italy," IZA Discussion Papers 3361, Institute for the Study of Labor (IZA).
  14. Philip Oreopoulos & Marianne E. Page & Ann Huff Stevens, 2003. "Does Human Capital Transfer from Parent to Child? The Intergenerational Effects of Compulsory Schooling," NBER Working Papers 10164, National Bureau of Economic Research, Inc.
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  18. Luca Flabbi & Daniele Checchi, 2007. "Intergenerational Mobility and Schooling Decisions in Germany and Italy: the Impact of Secondary School Tracks," Working Papers gueconwpa~07-07-08, Georgetown University, Department of Economics.
  19. Jo Blanden & Stephen Machin, 2004. "Educational inequality and the expansion of UK higher education," LSE Research Online Documents on Economics 17497, London School of Economics and Political Science, LSE Library.
  20. Patrizio Piraino, 2006. "Comparable Estimates of Intergenerational Income Mobility in Italy," Department of Economics University of Siena 471, Department of Economics, University of Siena.
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  22. 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.
  23. Guido Heineck & Regina T. Riphahn, 2007. "Intergenerational Transmission of Educational Attainment in Germany: The Last Five Decades," Discussion Papers of DIW Berlin 738, DIW Berlin, German Institute for Economic Research.
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  26. Bhashkar Mazumder, 2005. "Fortunate Sons: New Estimates of Intergenerational Mobility in the United States Using Social Security Earnings Data," The Review of Economics and Statistics, MIT Press, vol. 87(2), pages 235-255, May.
  27. Gould, Eric D & Moav, Omer & Weinberg, Bruce A, 2001. "Precautionary Demand for Education, Inequality, and Technological Progress," Journal of Economic Growth, Springer, vol. 6(4), pages 285-315, December.
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