Comparable Estimates of Intergenerational Income Mobility in Italy
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Patrizio Piraino
Abstract
This paper examines the degree and patterns of intergenerational economic mobility in Italy. It uses data from the Bank of Italy's repeated cross-section household survey. Retrospective information on parental economic status may be exploited by applying a two-sample two-stage least squares estimation. I estimate the intergenerational income elasticity for Italy and investigate the main mobility patterns across the distribution. From an overall comparison, the evidence provided in this paper hints that Italy is in the low-mobility group among advanced societies, in the range of values found in the U.S. and the UK. The transmission of economic status appears to be particularly strong at the top of the income distribution. I investigate the role of education in the transmission of economic status in Italy and find evidence that children with the same level of formal education seem to have unequal chances in the labor market depending on family background.
©2011 Walter de Gruyter GmbH & Co. KG, Berlin/Boston
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Articles in the same Issue
- Advances Article
- Nature and Nurture in the Intergenerational Transmission of Socioeconomic Status: Evidence from Swedish Children and Their Biological and Rearing Parents
- Marital Sorting, Household Labor Supply, and Intergenerational Earnings Mobility across Countries
- The Inheritance of Educational Inequality: International Comparisons and Fifty-Year Trends
- Contributions Article
- Comparable Estimates of Intergenerational Income Mobility in Italy
- The Intergenerational Transmission of Lifetime Earnings: Evidence from Brazil
- Intergenerational Earnings Mobility in Italy
- Intergenerational Mobility in Australia
- Children of the Post-Communist Transition: Age at the Time of the Parents' Job Loss and Dropping Out of Secondary School
- Intergenerational Earnings Mobility: Changes across Cohorts in Britain
- Topics Article
- Intergenerational Income Mobility in Singapore
