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Inequality in Human Capital and Endogenous Credit Constraints

This paper investigates the determinants of inequality in human capital with an emphasis on the role of the credit constraints. We develop and estimate a model in which individuals face uninsured human capital risks and invest in education, acquire work experience, accumulate assets and smooth consu...

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Vydáno v:Rev Econ Dyn
Hlavní autoři: Hai, Rong, Heckman, James J.
Médium: Artigo
Jazyk:Inglês
Vydáno: 2017
Témata:
On-line přístup:https://ncbi.nlm.nih.gov/pmc/articles/PMC5476319/
https://ncbi.nlm.nih.gov/pubmed/28642641
https://ncbi.nlm.nih.govhttp://dx.doi.org/10.1016/j.red.2017.01.001
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