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Investment in Education: Do Economic Volatility and Credit Constraints Matter? Author info | Abstract | Publisher info | Download info | Related research | Statistics Karnit Flug
Antonio Spilimbergo
Erik Wachtenheim
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The focus of this paper is the link between income volatility and the accumulation of human capital in the presence of credit constraints. Also, the effect of income inequality on the accumulation of human capital within the same framework is studied.
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Paper provided by Inter-American Development Bank, Research Department in its series RES Working Papers with number
4000.
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Date of creation: Mar 1996Date of revision:
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References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.: Garey Ramey & Valerie A. Ramey, 1994.
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Other versions: Galor, Oded & Zeira, Joseph, 1993.
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[Downloadable!] (restricted)
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Other versions: Groot, Wim & Oosterbeek, Hessel, 1992.
"Optimal investment in human capital under uncertainty ,"
Economics of Education Review ,
Elsevier, vol. 11(1), pages 41-49, March.
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Robert J. Barro, 1991.
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Barro, R.J., 1989.
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RCER Working Papers
201, University of Rochester - Center for Economic Research (RCER).
Barro, Robert J, 1991.
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[Downloadable!] (restricted) Levhari, David & Weiss, Yoram, 1974.
"The Effect of Risk on the Investment in Human Capital ,"
American Economic Review ,
American Economic Association, vol. 64(6), pages 950-63, December.
[Downloadable!] (restricted)
Griliches, Zvi & Hausman, Jerry A., 1986.
"Errors in variables in panel data ,"
Journal of Econometrics ,
Elsevier, vol. 31(1), pages 93-118, February.
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Other versions: King, Robert G & Levine, Ross, 1993.
"Finance and Growth: Schumpeter Might Be Right ,"
The Quarterly Journal of Economics ,
MIT Press, vol. 108(3), pages 717-37, August.
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Other versions:
King, Robert G. & Levine, Ross, 1993.
"Finance and growth : Schumpeter might be right ,"
Policy Research Working Paper Series
1083, The World Bank.
[Downloadable!] King, Robert G. & Levine, Ross, 1993.
"Finance and growth : Schumpeter might be right ,"
Policy Research Working Paper Series
1083, The World Bank.
[Downloadable!] Behrman, Jere R & Birdsall, Nancy, 1983.
"The Quality of Schooling: Quantity Alone is Misleading ,"
American Economic Review ,
American Economic Association, vol. 73(5), pages 928-46, December.
[Downloadable!] (restricted)
Aizenman, Joshua & Marion, Nancy P, 1993.
"Policy Uncertainty, Persistence and Growth ,"
Review of International Economics ,
Blackwell Publishing, vol. 1(2), pages 145-63, June.
Other versions: Romer, Paul M., 1990.
"Human capital and growth: Theory and evidence ,"
Carnegie-Rochester Conference Series on Public Policy ,
Elsevier, vol. 32(1), pages 251-286, January.
[Downloadable!] (restricted)
Lucas, Robert Jr., 1988.
"On the mechanics of economic development ,"
Journal of Monetary Economics ,
Elsevier, vol. 22(1), pages 3-42, July.
[Downloadable!] (restricted)
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