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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.

Suggested Citation

  • Flug, Karnit & Spilimbergo, Antonio & Wachtenheim, Erik, 1999. "Investment in Education: Do Economic Volatility and Credit Constraints Matter?," IDB Publications (Working Papers) 1142, Inter-American Development Bank.
    • Handle: RePEc:idb:brikps:1142
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    References listed on IDEAS

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    1. Barro, Robert J. & Lee, Jong-Wha, 1993. "International comparisons of educational attainment," Journal of Monetary Economics, Elsevier, vol. 32(3), pages 363-394, December.
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    7. Avinash K. Dixit & Robert S. Pindyck, 1994. "Investment under Uncertainty," Economics Books, Princeton University Press, edition 1, number 5474.
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