Skill Acquisition, Credit Constraints, and Trade / Tatyana Chesnokova, Kala Krishna.

Format:

Book

Author/Creator:

Chesnokova, Tatyana.

Contributor:

National Bureau of Economic Research.

Krishna, Kala.

Series:

Working Paper Series (National Bureau of Economic Research) no. w12411.

NBER working paper series no. w12411

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2006.

Summary:

This paper looks at the effect of credit constraints on skill acquisition when agents have heterogeneous abilities and wealth. We use a two factor general equilibrium model and assume credit markets are absent. We explore the effects of trade on factor earnings as well as the evolution of the distribution of income in small and large economies. Our work suggests that developed countries need to ensure access to education when liberalizing trade to ensure they reap the potential gains from trade.

Notes:

Print version record

August 2006.