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A New Test of Borrowing Constraints for Education

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NBER2009-04-01 更新2025-01-04 收录
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https://www.nber.org/papers/w14879
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We discuss a simple model of intergenerational transfers with one-sided altruism: parents care about their child but the child does not reciprocate. Parents and children make investments in the child's education, investments for other purposes, and parents can transfer cash to their child. We show
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2009-04-01
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