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Educational Policy and the Economics of the Family

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  • Abhijit Banerjee

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    Abstract

    The implications of alternative ways to model decisionmaking by families for educational policy are analysed. Many of the policy implications associated with credit constraints cannot be distinguished from the implications of models of the family that differ from the conventional Barro-Becker model. It is the combination of credit constraints and non-conventional preferences that provides a robust basis for government intervention to promote educational investment [BREAD WP No. 014].

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    Bibliographic Info

    Paper provided by eSocialSciences in its series Working Papers with number id:1186.

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    Date of creation: Sep 2007
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    Handle: RePEc:ess:wpaper:id:1186

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    Keywords: Family; Intergenerational Transactions; Education; educational policy; economics; credit constraints; Barro-Becker model; government intervention; investment;

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    1. Psacharopoulos, George, 1994. "Returns to investment in education: A global update," World Development, Elsevier, vol. 22(9), pages 1325-1343, September.
    2. Angrist, Joshua D. & Krueger, Alan B., 1999. "Empirical strategies in labor economics," Handbook of Labor Economics, in: O. Ashenfelter & D. Card (ed.), Handbook of Labor Economics, edition 1, volume 3, chapter 23, pages 1277-1366 Elsevier.
    3. Barham, V. & Boadway, R. & Marchand, M. & Pestieau, P., . "Education and the poverty trap," CORE Discussion Papers RP -1173, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
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    6. repec:fth:bosecd:108 is not listed on IDEAS
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    8. Kotlikoff, Laurence J & Spivak, Avia, 1981. "The Family as an Incomplete Annuities Market," Journal of Political Economy, University of Chicago Press, vol. 89(2), pages 372-91, April.
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    22. Banerjee, Abhijit V & Newman, Andrew F, 1994. "Poverty, Incentives, and Development," American Economic Review, American Economic Association, vol. 84(2), pages 211-15, May.
    23. Mark Bils & Peter J. Klenow, 1998. "Does Schooling Cause Growth or the Other Way Around?," NBER Working Papers 6393, National Bureau of Economic Research, Inc.
    24. Jacoby, Hanan G, 1994. "Borrowing Constraints and Progress through School: Evidence from Peru," The Review of Economics and Statistics, MIT Press, vol. 76(1), pages 151-60, February.
    25. Irineu E. Carvalho Filho, 2008. "Household Income As a Determinant of Child Labor and School Enrollment in Brazil," IMF Working Papers 08/241, International Monetary Fund.
    26. Cox, Donald, 1990. "Intergenerational Transfers and Liquidity Constraints," The Quarterly Journal of Economics, MIT Press, vol. 105(1), pages 187-217, February.
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