Start What You Finish! Ex Ante Risk and Schooling Investments in the Presence of Dynamic Complementarities
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We study the relationship between risk and schooling investment in a low-income setting. Our theoretical model reveals that parents respond to variance in future child schooling by reducing investments ex ante if the human capital production function exhibits dynamic complementarity and parental
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美国国家经济研究局创建时间：
2017-11-01
