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Author:Keane, M. P.
Wolpin, K. I.
Title:The effect of parental transfers and borrowing constraints on education attainment
Journal:International Economic Review
2001 : NOV, VOL. 42:4, p. 1051-1103
Index terms:Education
Social classes
Human capital
Freeterms:Schooling
Language:eng
Abstract:To understand how parental transfers and borrowing constraints affect educational attainment, the authors construct and structurally estimate a dynamic optimization model of the joint schooling, work, and savings decisions of young men. The model is estimated using data from the 1979 youth cohort of the National longitudinal information on a representative sample of youth beginning at age 16. The model is fit using data for white males on wages, assets, school, work, marriage, parental co-residence, and parental education.
SCIMA record nr: 232565
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