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Intergenerational Persistence in Educational Attainment in Italy

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

No 3622, IZA Discussion Papers from Institute of Labor Economics (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: family background; educational attainment; Italy (search for similar items in EconPapers)
JEL-codes: I38 J62 (search for similar items in EconPapers)
Pages: 40 pages
Date: 2008-07
New Economics Papers: this item is included in nep-edu, nep-hrm and nep-lab
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Published as 'Intergenerational persistence of educational attainment in Italy' in: Economics Letters, 2013, 118 (1), 229-232

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