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dc.contributor.authorCarneiro, Pedroen_US
dc.contributor.authorHeckman, James Josephen_US
dc.date.accessioned2009-01-28T16:22:16Z-
dc.date.available2009-01-28T16:22:16Z-
dc.date.issued2002en_US
dc.identifier.urihttp://hdl.handle.net/10419/21423-
dc.description.abstractThis 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.en_US
dc.language.isoengen_US
dc.relation.ispartofseriesIZA Discussion paper series 518en_US
dc.subject.jelH43en_US
dc.subject.jelD33en_US
dc.subject.jelI28en_US
dc.subject.ddc330en_US
dc.subject.keywordhuman capitalen_US
dc.subject.keywordreturn to educationen_US
dc.subject.keywordcredit constraintsen_US
dc.subject.stwBildungsverhaltenen_US
dc.subject.stwStudiumen_US
dc.subject.stwBildungsinvestitionen_US
dc.subject.stwHaushaltseinkommenen_US
dc.subject.stwVerschuldungsrestriktionen_US
dc.subject.stwBildungsertragen_US
dc.subject.stwVereinigte Staatenen_US
dc.titleThe Evidence on Credit Constraints in Post-Secondary Schoolingen_US
dc.typeWorking Paperen_US
dc.identifier.ppn35239482Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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