6533b862fe1ef96bd12c7701
RESEARCH PRODUCT
Financial development and intergenerational education mobility
Annalisa Russinosubject
Economics and EconometricsFinancial development05 social sciencesSample (statistics)Financial developmentSocial mobilityHuman capitallcsh:HD72-88Financial deepeninglcsh:Economic growth development planningIntergenerational mobilitySettore SECS-S/06 -Metodi Mat. dell'Economia e d. Scienze Attuariali e Finanz.lcsh:Financelcsh:HG1-99990502 economics and businessEconomicsDemographic economicsEquality of opportunitie050207 economicsFinanceHuman capital investment050205 econometricsdescription
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
| year | journal | country | edition | language |
|---|---|---|---|---|
| 2018-06-01 |