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Investment in education: do economic volatility and credit constraints matter?

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  • Flug, Karnit
  • Spilimbergo, Antonio
  • Wachtenheim, Erik

Abstract

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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Suggested Citation

  • Flug, Karnit & Spilimbergo, Antonio & Wachtenheim, Erik, 1998. "Investment in education: do economic volatility and credit constraints matter?," Journal of Development Economics, Elsevier, vol. 55(2), pages 465-481, April.
  • Handle: RePEc:eee:deveco:v:55:y:1998:i:2:p:465-481
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