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More Equal but Less Mobile? Education Financing and Intergenerational Mobility in Italy and in the United States

Author

Listed:
  • Checchi, Daniele
  • Ichino, Andrea
  • Rustichini, Aldo

Abstract

A state school system should be expected to reduce income inequality and to make intergenerational mobility easier. It is therefore somewhat surprising to observe that Italy, in comparison to the United States, displays less inequality between occupational incomes, but lower intergenerational upward mobility, not only between occupations, but also between education levels. In this paper we provide evidence on this empirical puzzle, and offer a theoretical explanation building around the idea that even if in Italy moving up on the social ladder is easier, the incentive to move may be lower, making mobility less likely.

Suggested Citation

  • Checchi, Daniele & Ichino, Andrea & Rustichini, Aldo, 1996. "More Equal but Less Mobile? Education Financing and Intergenerational Mobility in Italy and in the United States," CEPR Discussion Papers 1496, C.E.P.R. Discussion Papers.
    • Handle: RePEc:cpr:ceprdp:1496
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    Citations

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    1. Leitura do dia
      by Erik Figueiredo in Moral Hazard on 2008-09-22 23:46:00

    Citations

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    Cited by:

    1. Dirk Van de gaer & Michel Martinez & Erik Schokkaert, 1998. "Measuring Intergenerational Mobility and Equality of Opportunity," Working Papers of Department of Economics, Leuven ces9810, KU Leuven, Faculty of Economics and Business (FEB), Department of Economics, Leuven.
    2. Ichino, Andrea & Winter-Ebmer, Rudolf, 1999. "Lower and upper bounds of returns to schooling: An exercise in IV estimation with different instruments," European Economic Review, Elsevier, vol. 43(4-6), pages 889-901, April.
    3. Weizsäcker, Robert K. von, 1997. "Chancengleichheit, Statusmobilität und öffentliche Bildungsinvestitionen," Discussion Papers 557, Institut fuer Volkswirtschaftslehre und Statistik, Abteilung fuer Volkswirtschaftslehre.
    4. Maoz, Yishay D & Moav, Omer, 1999. "Intergenerational Mobility and the Process of Development," Economic Journal, Royal Economic Society, vol. 109(458), pages 677-697, October.
    5. Gradstein, Mark & Justman, Moshe, 1997. "Democratic Choice of an Education System: Implications for Growth and Income Distribution," Journal of Economic Growth, Springer, vol. 2(2), pages 169-183, July.
    6. K. Wälde & M. Kemp & M. Perlman & R. Disney & D. Checchi & M. Vendrik & J. Hölscher, 1999. "Book reviews," Journal of Economics, Springer, vol. 69(2), pages 189-216, June.
    7. Riccarda Longaretti, 2002. "Distribuzione della ricchezza e crescita quando i mercati dei capitali sono imperfetti. Una rassegna della letteratura recente," Working Papers 44, University of Milano-Bicocca, Department of Economics, revised Feb 2002.
    8. D. Fiaschi & R. Orsini, 1998. "Long Run Growth and Income Distribution in an Olg Model With Strategic Job-Seeking and Credit Rationing," Working Papers 331, Dipartimento Scienze Economiche, Universita' di Bologna.
    9. Sjögren, Anna, 1998. "The Effects of Redistribution on Occupational Choice and Intergenerational Mobility: Does Wage Equality Nail the Cobbler to His Last?," SSE/EFI Working Paper Series in Economics and Finance 239, Stockholm School of Economics.
    10. Mookherjee, Dilip & Napel, Stefan, 2007. "Intergenerational mobility and macroeconomic history dependence," Journal of Economic Theory, Elsevier, vol. 137(1), pages 49-78, November.
    11. Riccarda Longaretti, 2001. "Wealth Distribution, Investment in Human Capital and Occupational Choice When Capital Markets Are Imperfect," Working Papers 38, University of Milano-Bicocca, Department of Economics, revised Nov 2001.

    More about this item

    Keywords

    Education Financing; Intergenerational Mobility; Italy; United States;
    All these keywords.

    JEL classification:

    • I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid
    • J62 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Job, Occupational and Intergenerational Mobility; Promotion

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