Liquidity constraints, uncertain parental income and human capital accumulation
This note analyses the effect of parental income variability on investments in education when capital markets are imperfect. Our empirical results show that educational choices might act as a buffer choice when the environment is uncertain.
Year of publication: |
2013
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Authors: | Devicienti, Francesco ; Rossi, Mariacristina |
Published in: |
Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 20.2013, 9, p. 826-829
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Publisher: |
Taylor & Francis Journals |
Saved in:
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