This note analyzes 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.

Liquidity Constraints, Uncertain Parental Income and Human Capital Accumulation

DEVICIENTI, Francesco Serafino Michele;ROSSI, Mariacristina
2013

Abstract

This note analyzes 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.
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Schooling decisions; uncertainty; liquidity constraints; developing countries
Francesco Devicienti; Mariacristina Rossi
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/2318/126247
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