From the Cradle to the Grave: the Effect of Family Background on the Career Path of Italian Men
Data
31.08.2015
31.08.2015
Autori
Michele Raitano (Department of Economics and Law – Sapienza University of Rome); Francesco Vona (OFCE SciencesPo, SKEMA Business School)
Codice JEL
J62, J24, J31
J62, J24, J31
Parole chiave:
Intergenerational Inequality, Parental Education, Experience-Earnings profiles, Human Capital
Intergenerational Inequality, Parental Education, Experience-Earnings profiles, Human Capital
Publisher
Economy and Society
Economy and Society
Editor
Carlo Carraro
Carlo Carraro
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.