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The changing role of family income and ability in determining educational achievement
Belley, Philippe; Lochner, Lance - 2007
Persistent link: https://www.econbiz.de/10003572531
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The consumption value of college
Gong, Yifan; Lochner, Lance; Stinebrickner, Ralph; … - 2019
Persistent link: https://www.econbiz.de/10012128736
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The Consumption Value of College
Gong, Yifan - 2019
This paper uses the Euler equation and novel data from Berea College students on their consumption expenditures during … and after college, desired borrowing amounts, beliefs about post-college earnings, and elicited risk-aversion and time … value of college as high as $11,600, with considerable heterogeneity across students. Incorporating these benefits raises …
Persistent link: https://www.econbiz.de/10012480280
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The Consumption Value of College
Gong, Yifan - 2019
This paper uses the Euler equation and novel data from Berea College students on their consumption expenditures during … and after college, desired borrowing amounts, beliefs about post-college earnings, and elicited risk-aversion and time … value of college as high as $11,600, with considerable heterogeneity across students. Incorporating these benefits raises …
Persistent link: https://www.econbiz.de/10012861661
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The nature of credit constraints and human capital
Lochner, Lance; Monge-Naranjo, Alexander - In: The American economic review 101 (2011) 6, pp. 2487-2529
Persistent link: https://www.econbiz.de/10009378560
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The nature of credit constraints and human capital
Lochner, Lance; Monge-Naranjo, Alexander - 2010
We develop a human capital model with borrowing constraints explicitly derived from government student loan programs and private lending under limited commitment. Two key implications of our analysis are: (i) binding constraints may not depress investment; and (ii) a positive relationship...
Persistent link: https://www.econbiz.de/10003951129
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The nature of credit constraints and human capital
Lochner, Lance; Monge-Naranjo, Alexander - 2008
"This paper studies the nature and impact of credit constraints in the market for human capital. We derive endogenous constraints from the design of government student loan programs and from the limited repayment incentives in private lending markets. These constraints imply cross-sectional...
Persistent link: https://www.econbiz.de/10003687790
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The Nature of Credit Constraints and Human Capital
Lochner, Lance - 2010
This paper studies the nature and impact of credit constraints in the market for human capital. We derive endogenous constraints from the design of government student loan programs and from the limited repayment incentives in private lending markets. These constraints imply cross-sectional...
Persistent link: https://www.econbiz.de/10012759412
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Interpreting the evidence on life cycle skill formation
Cunha, Flávio; Heckman, James J.; Lochner, Lance; … - 2005
Persistent link: https://www.econbiz.de/10003155803
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Interpreting the evidence on life cycle skill formation
Cunha, Flávio; Heckman, James J.; Lochner, Lance; … - 2005
This paper presents economic models of child development that capture the essence of recent findings from the empirical literature on skill formation. The goal of this essay is to provide a theoretical framework for interpreting the evidence from a vast empirical literature, for guiding the next...
Persistent link: https://www.econbiz.de/10003130073