Nepotism vs specific skills: the effect of professional liberalization on returns to parental back grounds of italian lawyers
Michele Raitano () and
Francesco Vona ()
No 36, Sciences Po publications from Sciences Po
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. KEY
Keywords: Intergenerational inequalitiy; Social mobility; Nepotism; Specific skills; Regulations; Regulation; Top occupations (search for similar items in EconPapers)
JEL-codes: J24 J31 J44 I2 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-eur and nep-lma
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Working Paper: Nepotism vs specific skills: the effect of professional liberalization on returns to parental back ground of Italian lawyers (2018)
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