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The Nature of Credit Constraints and Human Capital

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NBER2008-04-01 更新2025-01-04 收录
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https://www.nber.org/papers/w13912
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This paper studies the nature and impact of credit constraints in the market for human capital. We derive endogenous constraints from the design of government student loan programs and from the limited repayment incentives in private lending markets. These constraints imply cross-sectional patterns
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2008-04-01
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