American Economic Journal: Applied Economics · 2024 · Marianna Belloc、Francesco Drago、Mattia Fochesato、Roberto Galbiati
中文摘要
我们利用手工收集的家庭财富评估数据，研究中世纪晚期佛罗伦萨的多代际流动性。我们发现，佛罗伦萨社会的流动性高于人们的预期，但多代际流动性也低于两代估计所隐含的水平。我们通过证明这些发现与一个由不可观测的潜在因子支配财富传递的模型相一致，从而调和了这些结果。我们还表明，在给定我们的估计结果的情况下，该模型与既有研究得出的长期持续性相容。最后，我们发现，参与婚姻网络和政治活动与经济地位的代际持续性相关。(JEL D31, G51, J12, J62, N33)
Abstract
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-generation 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 politics correlates with persistence of economic status across generations. (JEL D31, G51, J12, J62, N33)