obstacles to children's schooling opportunities. This paper investigates the effects of income shocks and borrowing constraints …. Estimation results indicate that income risks and borrowing constraints have a substantial negative impact on child schooling …

We study the effect of borrowing constraints in an assignment model of the housing market. When constraints apply … wealth and may differ in tastes, borrowing constraints will in general result in lower house prices and higher housing … such investors, house prices and the allocation of houses to households is the same as without borrowing constraints. …

for borrowing constraints. A more internal locus of control and higher neuroticism are correlated with being denied for …