Multigenerational Transmission of Wealth: Florence, 1404-1480

CRIS Scientific Seminar 2022-2023

Friday, January 13th 2023, 11:30 am
Sciences Po (1, place Saint-Thomas-d'Aquin) - Room K008

Multigenerational Transmission of Wealth: Florence, 1404-1480

Roberto Galbiati
Senior Scientist (CNRS), Sciences Po - Department of Economics  

By using hand-collected data on households’ wealth assessments, we study multigenerational mobility in Florence during the Late Middle Ages.

Our results unveil a tension between relatively high mobility in the short-run, and substantial persistence of the economic status across generations in the longer-run (80 years).

We reconcile these findings by showing their consistency with a model where the transmission of wealth is governed by an unobserved latent factor.

 Registration is mandatory. Thank you.

Link to Roberto Galbiati's webpage