Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/313588 
Year of Publication: 
2018
Citation: 
[Journal:] Review of Development Finance [ISSN:] 2959-0930 [Volume:] 8 [Issue:] 1 [Year:] 2018 [Pages:] 25-37
Publisher: 
Elsevier, Amsterdam
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.
Subjects: 
Intergenerational mobility
Financial development
Human capital investments
Equality of opportunities
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article

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