TY - JOUR
T1 - Financial development and intergenerational education mobility
AU - Russino, Annalisa
PY - 2018
Y1 - 2018
N2 - 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.
AB - 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.
KW - Equality of opportunities
KW - Financial development
KW - Human capital investments
KW - Intergenerational mobility
KW - Equality of opportunities
KW - Financial development
KW - Human capital investments
KW - Intergenerational mobility
UR - http://hdl.handle.net/10447/291379
M3 - Article
VL - 8
SP - 25
EP - 37
JO - Review of Development Finance
JF - Review of Development Finance
SN - 1879-9337
ER -