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Education, income and wealth: persistence across generations in Italy

Author

Listed:
  • Luigi Cannari

    (Banca d'Italia)

  • Giovanni D’Alessio

    (Banca d'Italia)

Abstract

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. The intergenerational persistence of economic conditions turns out to be relatively high by international standards; in recent years this phenomenon has displayed an upward trend. Variables that are not controlled by individuals explain their economic success to a greater extent than in the past.

Suggested Citation

  • Luigi Cannari & Giovanni D’Alessio, 2018. "Education, income and wealth: persistence across generations in Italy," Questioni di Economia e Finanza (Occasional Papers) 476, Bank of Italy, Economic Research and International Relations Area.
    • Handle: RePEc:bdi:opques:qef_476_18
    as

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    File URL: http://www.bancaditalia.it/pubblicazioni/qef/2018-0476/QEF_476_18.pdf
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    References listed on IDEAS

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    More about this item

    Keywords

    intergenerational mobility; inequality; opportunities;
    All these keywords.

    JEL classification:

    • J62 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Job, Occupational and Intergenerational Mobility; Promotion
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement

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