Educational policy and the economics of the family
by Abhijit Banerjee
This paper analyzes the implications of alternative ways to model decision making by families for educational policy. We show that many of the policy implications associated with credit constraints cannot be distinguished from the implications of models of the family that differ from the conventional Barro-Becker model. We then argue that it is the combination of credit constraints and non-conventional preferences that provides a robust basis for government intervention to promote educational investment. Keywords: Family, Intergenerational Transactions, Education. JEL Classification: O15, O16, D13.
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Educational policy and the economics of the family
2002, Massachusetts Institute of Technology, Dept. of Economics
in English
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Edition Notes
"November 2002."
Includes bibliographical references (p. 35-38).
Abstract in HTML and working paper for download in PDF available via World Wide Web at the Social Science Research Network.
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| October 5, 2023 | Edited by Tom Morris | merge authors |
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| April 30, 2011 | Created by ImportBot | initial import |