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.

中文翻译：

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金融发展与代际教育流动

摘要我们以受教育年限作为衡量状态的方法，研究了金融发展与代际流动之间的关系，重点研究了金融深化推动的人力资本投资。我们考虑了一组指标，以反映整个代际教育流动性的不同组成部分。使用39个国家的样本，我们发现金融发展与结构流动性有关，而与交换流动性无关。特别是，虽然我们检测到金融发展与结构流动性之间呈倒U型关系，但并未发现与交换流动性有任何显着关系。