On intergenerational mobility in Italy: what a difficult future for the young

The objective of this paper is to make a description of the economic perspective of young people in Italy. To do this we will analyze two important problems. First of all we analyze the level of public debt and the meaning of this for the present young generations as well for the future generations. Then we investigate the intergenerational mobility. After it, we'll estimate the intergenerational income elasticity for Italy using the TS2SLS estimator methodology. The analysis of the results highlights the particular situation of Italy in which the parental status can strongly influence the economic future of sons.