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Financial development and intergenerational education mobility

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  • Annalisa Russino

    () (University of Palermo)

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.

Suggested Citation

  • Annalisa Russino, 2018. "Financial development and intergenerational education mobility," Review of Development Finance Journal, Chartered Institute of Development Finance, vol. 8(1), pages 25-37.
  • Handle: RePEc:afj:journ3:v:8:y:2018:i:1:p:25-37
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