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Liquidity constraints, uncertain parental income and human capital accumulation

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  • Francesco Devicienti
  • Mariacristina Rossi

Abstract

This note analyses 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.

Suggested Citation

  • Francesco Devicienti & Mariacristina Rossi, 2013. "Liquidity constraints, uncertain parental income and human capital accumulation," Applied Economics Letters, Taylor & Francis Journals, vol. 20(9), pages 826-829, June.
  • Handle: RePEc:taf:apeclt:v:20:y:2013:i:9:p:826-829
    DOI: 10.1080/13504851.2012.750417
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