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

Abstract

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

Cannari, Luigi and D'Alessio, Giovanni, Education, Income and Wealth: Persistence Across Generations in Italy (December 12, 2018). Questioni di Economia e Finanza, n. 476, Bank of Italy. Available at SSRN: https://ssrn.com/abstract=3431115 or http://dx.doi.org/10.2139/ssrn.3431115

Luigi Cannari

Bank of Italy ( email )

Via Nazionale 91
Rome, 00184
Italy

Giovanni D'Alessio (Contact Author)

Bank of Italy ( email )

Via Nazionale 91
00184 Roma
Italy

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
12
Abstract Views
71
PlumX Metrics