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Human Capital Formation with Endogenous Credit Constraints

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NBER2002-02-01 更新2025-01-04 收录
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https://www.nber.org/papers/w8815
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We study the accumulation of human capital and the behavior of consumption and earnings in a life cycle equilibrium model with endogenous borrowing constraints. Constraints arise endogenously from the inalienability of human capital and the limited punishments that creditors are able to impose on
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2002-02-01
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