No. 476 - Education, income and wealth: persistence across generations in Italy

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by Luigi Cannari and Giovanni D'Alessio December 2018

The paper examines the intergenerational persistence of economic conditions in terms of education, income and wealth, and the importance of starting conditions in explaining success in Italy.

Italy is found to be among the countries exhibiting high intergenerational persistence of economic conditions; moreover, it has displayed an upward trend in recent years. The correlation between the years of education of younger generations and that of their parents is also higher than in the past. However, education today plays a smaller part than in previous decades in explaining the economic conditions of individuals, while the role of the social and family context is increasing.

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