From the cradle to the grave: the effect of family background on the career path of italian men

Michele Raitano and Francesco Vona

No 2015-05, Documents de Travail de l'OFCE from Observatoire Francais des Conjonctures Economiques (OFCE)

Abstract: This paper investigates the influence of parental education onthe returns to experience of italian men using a new longitudinal dataset that contains detailed information on individualworking histories. Our favourite panel estimates indicate that an additional year of parentaleducation increases sons' weekly wages by 11.7% after twenty years of experience and that 71%of this effect emerges during the career. We show that this effect holds irrespective of individual abilities, and it appears the result of both a glass ceiling effect, due to the complementaritybetween parental education and son’s abilities, and a parachuteeffect, associated with family labour market connections. Series Document de travail

Date: 2015-02
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Related works:
Working Paper: From the Cradle to the Grave: the Effect of Family Background on the Career Path of Italian Men (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:fce:doctra:1505

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