Intergenerational Persistence in Educational Attainment in Italy

Daniele Checchi (), Carlo V. Fiorio () and Marco Leonardi ()

No 3622, IZA Discussion Papers from Institute for the Study of Labor (IZA)

Abstract: In this paper we show that there is a reduction in the correlation coefficient between father and children schooling levels over time in Italy. However, focusing on equality of circumstances, we show that there is still a persistent difference in the odds of attaining a college degree between children of college educated parents and children of parents with lower secondary education attainment. The explanation of these trends lies in differential impact of liquidity constraints and risk aversion. Some descriptive evidence on the persistent differential in returns to college education depending on father’s education is also provided.

Keywords: educational attainment; Italy; family background (search for similar items in EconPapers)
JEL-codes: J62 I38 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-edu, nep-hrm and nep-lab
Date: Written
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