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1 décembre 2023
- handle: 10670/1.zaxaoz
- hal: hal-04317531
info:eu-repo/semantics/OpenAccess
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Wealth transmission social mobility multiple generations latent factors Wealth transmission social mobility multiple generations latent factors -fin]Sujets proches
Fortunes Riches Affluence Distribution of wealthCiter ce document
Marianna Belloc et al., « Multigenerational Transmission of Wealth: Florence 1403-1480 », Archive ouverte de Sciences Po (SPIRE), ID : 10670/1.zaxaoz
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Résumé
By using hand-collected data on households' wealth assessments, we study multigenerational mobility in Florence during the late Middle Ages. We find that Florentine society was more mobile than one would expect but also that multigenerational mobility was lower than implied by two generations estimates. We reconcile these findings by showing their consistency with a model where wealth transmission is governed by an unobserved latent factor. We also show that, given our estimates, this model is compatible with the long-run persistence obtained by previous studies. Finally, we find that participation in marriage networks and in politics correlates with persistence of the economic status across generations.