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26
Tables
Table 1. Descriptive statistics
Variable:
Mean
Standard
deviation
Panel A: 1427 Census
Earnings (florins)
36.2
44.8
Real wealth (florins)
291.2
705.0
Age (years)
45.92
16.46
Female (share)
0.153
0.360
Lawyer (share)
0.012
0.090
Banker (share)
0.009
0.072
Medical doctor or pharmacist (share)
0.039
0.141
Goldsmith (share)
0.009
0.068
Panel B: 2000s data
Earnings (euros)
24,234
4,929
Real wealth (euros)
160,729
70,961
Age (years)
58.39
3.03
Female (share)
0.521
0.050
Lawyer (share)
0.006
0.080
Banker (share)
0.001
0.033
Medical doctor or pharmacist (share)
0.010
0.101
Goldsmith (share)
0.002
0.044
Source: In Panel A, data are taken from the 1427 Census. In Panel B, data on earnings, real wealth, gender
and age are taken from the Florence statistical office (fiscal year 2011); data on professions are obtained
combining information taken from the Italian Internal Revenue Service (surnames of the taxpayers for the
province of Florence in 2005) and data from the registry of the professional orders for lawyers
(
http://www.consiglionazionaleforense.it/site/home.html
), and for medical doctors and pharmacists
(
http://www.ordine-medici-firenze.it
and
http://www.ordinefarmacisti.fi.it
, respectively), data from the
OR.SO. archive for bankers and data from the National Business Register database for goldsmiths.
27
Table 2. Persistence in families’ socioeconomic status
Table 3. Earnings mobility: baseline
Dependent variable:
Log of
earnings
Log of
earnings
Log of
earnings
Log of ancestors’ earnings
0.039**
0.040**
0.045**
Standardized beta coefficient
0.064
0.052
0.058
(0.017)
(0.019)
(0.022)
Rank-rank coefficient
0.058**
0.061**
0.056**
(0.027)
(0.025)
(0.025)
Female
NO
YES
YES
Age and age squared
NO
NO
YES
Observations
806
806
806
R-squared
0.007
0.025
0.048
Bootstrapped standard errors in parentheses (1,000 replications); *** p<0.01, ** p<0.05, * p<0.1.
Surname Average
Euros
(2011)
Modal
occupation
(1427)
Earnings
percentile
(1427)
Wealth
percentile
(1427)
5 top earners in 2011:
A
146,489
Member of shoemakers' guild
97%
85%
B
94,159
Member of wool guild
67%
73%
C
77,647
Member of silk guild
93%
86%
D
73,185
Messer (lawyer)
93%
85%
E
64,228
Brick layer, sculptor, stone worker
54%
53%
5 bottom earners in 2011:
V
9,702
Worker in combing, carding and sorting wool
53%
45%
W
9,486
Worker in combing, carding and sorting wool
41%
49%
X
9,281
Sewer of wool cloth
39%
19%
Y
7,398
Medical doctor
84%
38%
Z
5,945
Member of shoemakers' guild
55%
46%
Source: Tax records from the 1427 Census of Florence and from the Florence statistical office (fiscal year 2011); surnames are not
reported for privacy reasons.
28