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Intergenerational mobility in professions: nature, nurture, and regulatory rents

Authors

Publication date

16 Aug 2018

Summary

A large proportion of workers are employed in licensed occupations whose entry conditions and economic returns are significantly shaped by regulation. This column examines the consequences of two waves of liberalisation in professional services in Italy since the 2000s for intergenerational mobility and allocative efficiency. The analysis reveals a substantial decrease in the propensity to follow the same career as one’s parents, particularly among less able children, suggesting that anticompetitive regulation might produce inefficiencies in the allocation of talents across occupations.

Source

Voxeu.org

Links

https://voxeu.org/article/intergenerational-mobility-professions


Related publications

  1. Knocking on parents’ doors: regulation and intergenerational mobility

    Sauro Mocetti, Giacomo Roma, and Enrico Rubolino

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