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Title: Examining the Effect of Income Shocks on the Schooling Choices of Credit Constrained Households

Citation Type: Miscellaneous

Publication Year: 2015

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Abstract: Black men born in the Cotton South during the turn of the twentieth century attended school for three and half fewer years relative to their white counterparts. To explain why blacks received fifty percent less schooling than whites, recent research examines the role of the southern cotton industry in explaining schooling differences. Based on a model of opportunity costs and the value of child labor, researchers have previously found a negative relationship between black school attendance and cotton production. However, I observe a positive correlation while using individual level data from US Censuses from the early twentieth century. A positive relationship between black school attendance and cotton production is consistent with a model of credit constraints and consumption smoothing.

Url: http://www.economics.uci.edu/grad/job_market_files/Lombardi_JMP.pdf

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Authors: Lombardi, Paul

Publisher: University of California, Irvine

Data Collections: IPUMS USA

Topics: Other

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