The Nature of Credit Constraints and Human Capital

Lance Lochner

No 745, 2009 Meeting Papers from Society for Economic Dynamics

Abstract: In contrast, the standard exogenous constraint model cannot simultaneously explain observations (i) and (ii) under standard assumptions about preferences; it is also silent on the rise in private lending. By incorporating both public and private lending, our framework offers new insights regarding the interaction of government and private student lending as well as the responsiveness of private student credit to economic and policy changes.

Date: 2009
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Related works:
Journal Article: The Nature of Credit Constraints and Human Capital (2011)
Working Paper: The Nature of Credit Constraints and Human Capital (2010)
Working Paper: The Nature of Credit Constraints and Human Capital (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:red:sed009:745

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