Data/hora: 08/06/2024 16:38:58

Provedor de dados: | 31
País: | United States
Título: | EDUCATIONAL INVESTMENTS IN A SPATIALLY VARIED ECONOMY
Autores: | Mude,   Andrew G.; Barrett,   Christopher B.; McPeak,   John G.; Doss,   Cheryl R.
Data: | 2003-08-04
Ano: | 2003
Palavras-chave: | Teaching/Communication/Extension/Profession; O1; I1.
Resumo: | This paper presents a simple two-period, dual economy model in which migration options may affect the informal financing of educational investments.  When credit contracts are universally available and perfectly enforceable, spatially varied returns to human capital have no effect on educational investment patterns.  But when financial markets are incomplete and informal mechanisms subject to imperfect contract enforcement must fill the breach, spatial inequality in infrastructure or other attributes that affect the returns to education create spatial differentiation in educational lending and consequently, in educational attainment.  Although migration options can increase the returns to education, they can also choke off the informal finance on which poorer rural households depend for long-term, lumpy investments like children's education.
Tipo: | Working or Discussion Paper
Idioma: | Inglês

Identificador:

11078

http://purl.umn.edu/14737

Editor: | AgEcon Search

Relação:

Cornell University&gt;Department of Applied Economics and Management&gt;Working Papers

Working Paper 2003-21

Formato:

36

application/pdf