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Investment in Education: Do Economic Volatility and Credit Constraints Matter?

Karnit Flug, Antonio Spilimbergo () and Erik Wachtenheim

No 4000, Research Department Publications from Inter-American Development Bank, Research Department

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.

Date: 1996-03
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Journal Article: Investment in education: do economic volatility and credit constraints matter? (1998) Downloads
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