タイトル(掲載誌)Institute of Social and Economic Research Discussion Papers
一般注記The decision of whether and how much to borrow from the credit market in order to finance education costs depends crucially on parental investment in education. This study constructs a simple two-period overlapping generations model incorporating both educa-tional investment from parents and educational borrowing. The analysis shows that in the case where educational investment from parents and educational borrowing are sub-stitutive, the relaxation of the borrowing constraint improves intergenerational mobility. In the complementary case, the relaxation of the borrowing constraint may impair inter-generational mobility. Implications differ depending on whether the relationship between parental investments and borrowings is substitutive or complementary.
連携機関・データベース国立情報学研究所 : 学術機関リポジトリデータベース(IRDB)(機関リポジトリ)