Financial development and intergenerational education mobility

Risultato della ricerca: Articlepeer review

Abstract

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.
Lingua originaleEnglish
pagine (da-a)25-37
Numero di pagine13
RivistaReview of Development Finance
Volume8
Stato di pubblicazionePublished - 2018

All Science Journal Classification (ASJC) codes

  • Finance
  • Economics and Econometrics

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