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February 17, 2005
Investing in Education
We used a production possibility frontier to demonstrate two points:
1. Having access to financial markets can cause people to invest more in education than they would without that access.
2. Lowering the interest rate on student loans will encourage even more investment in education.
On Tuesday, 2/22, we also investigated a discrete choice to invest in four years of college, emphasizing the role of growth in incomes. The pictures of this analysis are missing because I forgot my camera. I will fix this at some point.
Posted by bparke at February 17, 2005 09:34 PM