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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

Abstract: 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
Date: 2018-11
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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) Downloads
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