Intergenerational Persistence in Educational Attainment in Italy

40 Pages Posted: 4 Aug 2008

See all articles by Daniele Checchi

Daniele Checchi

Università degli Studi di Milano - Dipartimento di Economia Politica e Aziendale (DEPA); IZA Institute of Labor Economics; IRVAPP

Carlo V. Fiorio

University of Milan - Department of Economics, Management and Quantitative Methods (DEMM)

Marco Leonardi

Università degli Studi di Milano; IZA Institute of Labor Economics

Abstract

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.

Keywords: educational attainment, Italy, family background

JEL Classification: J62, I38

Suggested Citation

Checchi, Daniele and Fiorio, Carlo V. and Leonardi, Marco, Intergenerational Persistence in Educational Attainment in Italy. IZA Discussion Paper No. 3622, Available at SSRN: https://ssrn.com/abstract=1198692 or http://dx.doi.org/10.2139/ssrn.1198692

Daniele Checchi (Contact Author)

Università degli Studi di Milano - Dipartimento di Economia Politica e Aziendale (DEPA) ( email )

Milan, 20122
Italy
+39 02 5032 1519 (Phone)
+39 02 5032 1505 (Fax)

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

IRVAPP ( email )

Via Santa Croce 77
Trento, I-38122
Italy

Carlo V. Fiorio

University of Milan - Department of Economics, Management and Quantitative Methods (DEMM) ( email )

Via Conservatorio, 7
Milan, 20122
Italy

Marco Leonardi

Università degli Studi di Milano ( email )

14 Via Vetere
20122 Milano
Italy
+39 02 58100384 (Phone)

IZA Institute of Labor Economics ( email )

P.O. Box 7240
Bonn, D-53072
Germany

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