@techreport{Carneiro2002Evidence,
abstract = {This paper examines the family income?college enrollment relationship and the evidence on credit constraints in post-secondary schooling. We distinguish short-run liquidity constraints from the long-term factors that promote cognitive and noncognitive ability. Long-run factors crystallized in ability are the major determinants of the family income?schooling relationship,
although there is some evidence that up to 8% of the U.S. population is credit constrained in a short-run sense. Evidence that IV estimates of the returns to schooling exceed OLS estimates is sometimes claimed to support the existence of substantial credit constraints. This argument is critically examined.},
author = {Pedro Carneiro and James Joseph Heckman},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {H43; D33; I28; 330; human capital; return to education; credit constraints; Bildungsverhalten; Studium; Bildungsinvestition; Haushaltseinkommen; Verschuldungsrestriktion; Bildungsertrag; Vereinigte Staaten},
language = {eng},
number = {518},
title = {The Evidence on Credit Constraints in Post-Secondary Schooling},
type = {IZA Discussion paper series},
url = {http://hdl.handle.net/10419/21423},
year = {2002}
}
