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 originale | English |
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pagine (da-a) | 25-37 |
Numero di pagine | 13 |
Rivista | Review of Development Finance |
Volume | 8 |
Stato di pubblicazione | Published - 2018 |
All Science Journal Classification (ASJC) codes
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