Type
Working paper
Title
Nepotism vs specific skills : the effect of professional liberalization on returns to parental back grounds of italian lawyers
In
Working paper de l'OFCE
Author(s)
RAITANO Michele - Sapienza Università di Roma (Author)
VONA Francesco - Observatoire français des conjonctures économiques (Author)
Editor
paris : OFCE
Collection
Working paper de l'OFCE : 36
Keywords
Intergenerational inequalitiy, Social mobility, Nepotism, Specific skills, Regulations, Regulation, Top occupations
Abstract
EN
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

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