The Effect of Parental Transfers and Borrowing Constraints On Educational Attainment

By Michael P. Keane, Ken Wolpin. 1999

Citations in the corpus

• Panel Data Discrete Choice Models of Consumer Demand (2013, neutral): “For example Keane and Wolpin (2001) and Keane and Sauer (2010) develop an algorithm based on the idea that all discrete outcomes are measured with some classification error.”
• The Economics of Human Development and Social Mobility (2014, unknown): “Using a variety of empirical approaches, Carneiro and Heckman (2002), Keane and Wolpin (2001), and Cameron and Taber (2004) find little evidence of an important role 58Aiyagari et al. (2002) present an analysis of full insurances against the accident of birth.”
• Micro and Macro Labor Supply Elasticities: A Reassessment of Conventional Wisdom (2012, unknown): “…this question will require building models with multiple mechanisms, and seeing how well they explain multiple aspects of behavior—not just labor supply, but also schooling, occupational choice, savings, etc. (The work by Keane and Wolpin 2001, 2010 is an example of this type of strategy).”
• Structural vs. atheoretic approaches to econometrics (2010, unknown): “Furthermore, Keane and Wolpin (2001) show that a life-cycle labor supply/human capital model can match cross-sectional asset distributions by age, and generate tuition effects on college attendance that are similar to a wide range of estimates in the education literature, both in the aggregate and…”
• The Changing Role of Family Income and Ability in Determining Educational Achievement (2007, unknown): “The NLSY79 contains measures of family income reported in early survey years, while the NLSY97 contains measures of both family income and net wealth in 1997.9 For the 1979 cohort, we use average family income when youth are ages 16–17, excluding youth not living with their parents at these ages.10 ”
• The short term effect of educational debt on job decisions (2005, unknown): “In fact, there is a burgeoning literature on the impact of borrowing constraints on educational attainment (e.g. Cameron and Heckman (1998), Keane and Wolpin (2001) and Cameron and Taber (2001)).”
• Credit Constraints in Education (2011, unknown): “…mirror the earlier discussion of the wealth – schooling relationship, only for parents rather than potential students.17 While the results of Keane and Wolpin (2001) and Johnson (2010) suggest that expansions in student loan programs are likely to have limited effects on college-going (an…”
• Intergenerational Persistence of Earnings: The Role of Early and College Education (2004, unknown): “While this latter assumption is quite strong, there is substantial evidence that borrowing constraints are important in determining parental investments in education, especially at the early education stage (see for instance Heckman, 2000 and Keane and Wolpin, 2001).”
• Discussion Papers in Economics and Econometrics A Computationally Practical Simulation Estimation Algorithm for Dynamic panel Data Models with Unobserved Endogenous State Variables (2005, unknown): “The novel estimation technique was recently introduced by Keane and Wolpin (2001) (KW) in order to estimate the parameters of a discrete choice dynamic programming problem with both unobserved initial conditions and missing choice data during the sample period.”