Intergenerational income mobility in Italy, a long 🧵 based on this paper, joint with Paolo Acciari (Italian Ministry of Finance) and @AlbrtPolo, now forthcoming in AEJ: Applied Economics Our study is the first one to use administrative tax records to estimate measures of intergenerational income mobility in Italy. Sample of nearly 2M children-parents pairs observed 20 years apart (1998 & 2018). Match based on SSN through tax form

In this paper with @Simon_Mongey and @a_gavazza
jstor.org/stable/26528026 (ungated version on my website) we use results from a rich survey of medium and large firms (>100) on recruiting costs and practices done by Bersin and Associates. See section 4.2 of the paper.

https://twitter.com/fabolange/status/1444016805484318721

From the paper:

This is a useful thread which happens very kind toward my own research. Thanks @Simon_Mongey and @adam_tooze. Let me take the opportunity to articulate one thought and I apologize in advance because I will oversimplify it.

https://twitter.com/Simon_Mongey/status/1294664169850130433

Empirically, a number of studies found large expenditure responses to anticipated transfers at the bottom of the distribution. Theoretically, financial frictions (binding constraints or wedges btw borrowing and lending) do exactly that. We've also known this for a decade at least