Comparable Estimates of Intergenerational Income Mobility in Italy
This 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.
|Date of creation:||Jan 2006|
|Contact details of provider:|| Postal: Piazza S.Francesco,7 - 53100 Siena|
Web page: http://www.deps.unisi.it/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:usi:wpaper:471. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Fabrizio Becatti)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.