From the Cradle to the Grave: the Effect of Family Background on the Career Path of Italian Men

Michele Raitano and Francesco Vona

No 2015.74, Working Papers from Fondazione Eni Enrico Mattei

Abstract: This paper investigates the influence of parental education on the returns to experience of Italian men using a new longitudinal dataset that contains detailed information on individual working histories. Our favourite panel estimates indicate that an additional year of parental education 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 complementarity between parental education and son’s abilities, and a parachute effect, associated with family labour market connections.

Keywords: Intergenerational Inequality; Parental Education; Experience-Earnings profiles; Human Capital (search for similar items in EconPapers)
JEL-codes: J24 J31 J62 (search for similar items in EconPapers)
Date: 2015-08
New Economics Papers: this item is included in nep-dem, nep-edu and nep-eur
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Citations: View citations in EconPapers (2)

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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:fem:femwpa:2015.74

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