This paper analyses the relationship between unemployment among young Italians and their parents’ economic and cultural background. A search theory model was used to identify the direct and indirect effects of household financial situation and parental cultural and educational status on their...

The implications of individual heterogeneity for the evolution of wealth distribution are studied in a standard model of occupational choice with financial market imperfections and local non convexities in education investment technology. We consider heterogeneity in the cost of educational...