2017-03 Early and Late Human Capital Investments, Borrowing Constraints, and the Family

By Elizabeth M. Caucutt, Lance Lochner. 2012

213 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/5682a69dd269f53c894d0134610304dcf014435a

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

1. Alexander Ludwig
2. Dirk Krueger
3. N. Fuchs-Schündeln
4. I. Popova
5. Ludger Woessmann
6. Greg Kaplan

Citations in the corpus

• Credit Constraints in Education (2011, unknown): “Caucutt and Lochner (2011) also show that when h1 and h2 are sufficiently substitutable, relaxing the borrowing constraint in either investment period increases investment in that period but reduces investment in the other; when h1 and h2 are strong complements, relaxing borrowing limits in either…”
• The Economics of Human Development and Social Mobility (2014, unknown): “The analysis of Caucutt and Lochner (2012) is an exception.”
• The Long-Term Distributional and Welfare Effects of Covid-19 School Closures (2020, methodology): “…higher human capital in the next period, and dynamic complementarity, i.e., human capital investment pays out more the higher the human capital.1 This feature implies that early-childhood education is a crucial determinant of future income (Cunha and Heckman (2007) and Caucutt and Lochner (2020)).”