Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
7388011 | Review of Development Finance | 2018 | 13 Pages |
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.
Related Topics
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Authors
Annalisa Russino,