Nepotism vs specific skills: the effect of professional liberalization on returns to parental back ground of Italian lawyers
Michele Raitano () and
Francesco Vona ()
No 2018-36, Documents de Travail de l'OFCE from Observatoire Francais des Conjonctures Economiques (OFCE)
We study the mechanisms of intergenerational inequality among Italian lawyers over the period 1994- 2014 using a longitudinal dataset that combines administrative and survey data. We first estimate a 17.5% earnings premium for a law family background within the group of lawyers, so conditional on entering the profession. We then exploit the 2003-2006 liberalization process, which asymmetrically affected the two main transmission mechanisms: skill transfer and nepotism. We find that liberalization squeezed the law background return by at least 3/5, thus revealing a high incidence of nepotism. The bulk of the reduction occurred for the youngest lawyers and the top earners
Keywords: intergenerational inequality; social mobility; nepotism; specific skills; regulation; top occupations (search for similar items in EconPapers)
JEL-codes: J24 J31 J44 I24 (search for similar items in EconPapers)
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Working Paper: Nepotism vs specific skills: the effect of professional liberalization on returns to parental back grounds of italian lawyers (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:fce:doctra:1836
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