000			01540nam a22001577a 4500
999			_c526002 _d526002
008			240430b ||||| |||| 00| 0 eng d
100			_aBelloc, Marianna et al _952123
245			_aMultigenerational transmission of wealth: Florence, 1403–1480
260			_aAmerican Economic Journal: Applied Economic
300			_a16(2), Apr, 2024: p.99-129
520			_aBy 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.- Reproduced https://www.aeaweb.org/articles?id=10.1257/app.20220137
650			_aHand-Collected Data, Households' Wealth Assessments, Multigenerational Mobility, Florence, Late Middle Ages, Two-Generation Estimates, Wealth Transmission, Unobserved Latent Factor, Long-Run Persistence, Marriage Networks, Politics, Economic Status, Generational Persistence _952124
773			_aAmerican Economic Journal: Applied Economic
906			_aWEALTH
942			_cAR