Can financial development improve intergenerational educational mobility?An analysis based on micro household data
This study investigates the impact of financial development on intergenerational educational mobility——intergenerational educational structural mobility and intergenerational educational exchange mobility.It firstly constructs a theoretical framework for the impact of financial development on both aspects and analyzes their mechanisms,then puts forward hypotheses regarding the impact and finally conducts empirical testing.The empirical test is broadly consistent with the theoretical hypotheses.Firstly,financial development has a significant promoting effect on intergenerational educational structural mobility,but its impact on intergenerational educational exchange mobility is not significant.Therefore,the positive impact mainly originates from its positive promotion of intergenerational educational structural mobility.Secondly,the impact exhibits regional heterogeneity.Compared to the central and western regions,the promoting effect is stronger in the eastern region where the financial development level is higher and the credit market is more mature.Lastly,financial development primarily affects the intergenerational structural mobility through the mechanism of influencing the human capital level of the younger generation.Based on these conclusions,relevant implications and policy recommendations are presented.
NETL
NSTL
万方数据
