Education, Income and Wealth: Persistence Across Generations in Italy
Questioni di Economia e Finanza, n. 476, Bank of Italy
27 Pages Posted: 6 Aug 2019
Date Written: December 12, 2018
La versione italiana di questo documento è disponibile al seguente link: http://ssrn.com/abstract=3429937.
The paper examines the intergenerational persistence of economic conditions in terms of education, income and wealth, and the importance of starting conditions in explaining success in Italy.
Italy is found to be among the countries exhibiting high intergenerational persistence of economic conditions; moreover, it has displayed an upward trend in recent years. The correlation between the years of education of younger generations and that of their parents is also higher than in the past. However, education today plays a smaller part than in previous decades in explaining the economic conditions of individuals, while the role of the social and family context is increasing.
Keywords: intergenerational mobility, inequality, opportunities
JEL Classification: J62, D63
Suggested Citation: Suggested Citation