Data and Code for: Multigenerational Transmission of Wealth: Florence 1403–1480

By using hand-collected data on households’ wealth assessments, we study multigenerational<br>mobility in Florence during the late Middle Ages. We find that Florentine society was quite<br>mobile but also that multigenerational mobility was lower than implied by two generations<br>estimates. We reconcile these findings by showing their consistency with a model where wealth<br>transmission is governed by an unobserved latent factor. We also show that, given our estimates,<br>this model is compatible with the long-run persistence found by previous studies. Finally, we<br>find that participation in marriage networks and in politics correlates with persistence of the<br>economic status across generations.<br><br>