Financial development and intergenerational education mobility

Research output: Contribution to journalArticlepeer-review


Using years of education as a measure of status, we study the relationship between financial development and intergenerational mobility, focusing on human capital investments boosted by financial deepening. We consider a set of indices to capture different components of the overall intergenerational education mobility. Using a sample of 39 countries, we find that financial development is related to structural mobility but not to exchange mobility. In particular, while we detect an inverted U-shaped relationship between financial development and structural mobility, we do not find any significant relationship with exchange mobility. (C) 2018 Africagrowth Institute. Production and hosting by Elsevier B.V.
Original languageEnglish
Pages (from-to)25-37
Number of pages13
JournalReview of Development Finance
Publication statusPublished - 2018

All Science Journal Classification (ASJC) codes

  • Finance
  • Economics and Econometrics


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