Comparable Estimates of Intergenerational Income Mobility in Italy

Patrizio Piraino

Department of Economics University of Siena from Department of Economics, University of Siena

Abstract: This paper examines the degree of intergenerational economic mobility in Italy. It adds to the growing number of international studies of the extent to which economic status is passed on across generations. On the basis of recent econometric innovations used in the literature, I am able to overcome some of the data limitations for Italy. I use the Historical Database of the Bank of Italy households survey, which contains information from 1977 to 2002. Retrospective information in the repeated cross-sections may be exploited by applying a two-sample two stage least squares estimation. I estimate the intergenerational income elasticity for Italy and find that mobility is limited. From an overall comparison, the evidence provided in this paper hints at Italy in the low-mobility group among advanced societies in the range of values characterising the US and the UK. The analysis of the results allows a characterization of interesting descriptive features in the transmission of economic status in Italy.

Keywords: Intergenerational income mobility; two-sample two-stage least squares; mobility patterns. (search for similar items in EconPapers)
JEL-codes: D31 J62 (search for similar items in EconPapers)
Date: 2006-01
New Economics Papers: this item is included in nep-eec
References: View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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Journal Article: Comparable Estimates of Intergenerational Income Mobility in Italy (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:usi:wpaper:471

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