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Knocking on parents’ doors: regulation and intergenerational mobility

Sauro Mocetti (), Giacomo Roma and Enrico Rubolino ()
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Enrico Rubolino: University of Essex

No 1182, Temi di discussione (Economic working papers) from Bank of Italy, Economic Research and International Relations Area

Abstract: We exploited two major reforms in the regulation of professional services implemented in Italy since the 2000s in order to examine the impact on the intergenerational transmission of occupations. We built an OECD-style indicator of strictness of regulation for 14 occupations and three different cohorts (i.e. before and after each reform). Then, using a difference-in-differences strategy, we exploited the differential effect of regulation on the occupations considered compared with employees in similar occupations, before and after each reform. We found that the progressive liberalization of professional services affected the allocation of individuals across occupations, leading to a substantial decrease in the propensity to follow the same career as one’s parents. The impact of regulation on the likelihood of being employed in the same occupation as one’s parents is greater in soft sciences and in areas where the demand for professional services is higher; at individual level, it is greater for less able individuals.

Keywords: regulation; intergenerational mobility; occupational choice (search for similar items in EconPapers)
JEL-codes: J62 J44 J24 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-eur and nep-lma
Date: 2018-07
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