Template-Type: ReDIF-Article 1.0

Author-Name: María Noelia Garbero 
Author-Workplace-Name: Universidad Nacional de La Plata, CEDLAS

Title: Efectos de las restricciones de liquidez en la acumulación de capital humano: evidencia para Nicaragua


Abstract: The aim of this paper is to evaluate the effects of liquidity constraints on investment in human capital in a developing country. The methodology and the data used allow the identification of individuals and households restricted directly using alternative definitions of financial constraints. The data come from the Encuesta Nacional de Hogares y Medición de Nivel de Vida (ENMV) of Nicaragua for the years 1998 and 2005. The estimates support the hypothesis that restrictions on the access to loans reduce attendance at all educational levels.


Classification-JEL: I21, I22, J24

Keywords: liquidity constraints, access to loans, discouraged borrowers, education

Journal: Económica

Pages: 53-95
Volume: LVIII
Year: 2012
Month: January-December
File-URL: https://revistas.unlp.edu.ar/Economica/article/view/5360/4385
File-Format: Application/pdf
Handle: RePEc:akh:journl:582