Financial development and intergenerational education mobility

Annalisa Russino ()
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Annalisa Russino: University of Palermo

Review of Development Finance Journal, 2018, vol. 8, issue 1, 25-37

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.

Keywords: Intergenerational mobility; Financial development; Human capital investments; Equality of opportunities (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:afj:journ3:v:8:y:2018:i:1:p:25-37

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