Dependent Variable:

(robust standard errors)

Intergenerational Education Mobility children age 13-19

1.1

1.2

1.3

1.4

1.5

1.6

1.7

log Gini Coefficient (t-1)

0.28**

0.24**

0.13**

−0.18*

−0.21*

0.17**

(0.08)

(0.06)

(0.07)

(0.07)

(0.04)

(0.06)

log Palma (top 20/bottom 40%)

0.07**

(0.017)

log Private Credit/GDP

0.23**

(0.06)

log Private Credit/GDP squared2

0.03**

(0.01)

CCT Program (0,1) or coverage3

0.03**

0.2**

0.02*

0.04**

0.03**

(0.006)

(0.05)

(0.01)

(0.00)

(0.006)

Net Barter Terms of Trade

0.04**

0.02

(0.01)

(0.01)

log Social Spending share of GDP

0.03**

0.03**

(0.01)

(0.008)

Constant

5.5**

5.4**

4.5**

4.9**

3.9**

5.1**

4.9**

** or * significant at 5% or 10%

(0.30)

(0.25)

(0.017)

(0.26)

(0.10)

(0.17)

(0.23)

Number of Observations

94

94

113

80

101

94

80

Adjusted R2

0.70

0.13

0.36

0.30

0.70

0.42

0.37

Random/Fixed Effects Estimate1

FE

RE

RE

RE

FE

RE

RE

RE Cross section variance share

0.51

0.63

0.68

0.66

0.76

Probvaluue Hausmann rejects RE

0.05

0.31

0.77

0.22

0.89