Narrow search
Showing 1 - 10 of 85
Cover Image
Student Loans, Access to Credit and Consumer Financial Behavior
Mezza, Alvaro; Ringo, Daniel; Sommer, Kamila - 2021
This paper provides novel evidence that increased student loan debts, caused by rising tuitions, increase borrowers' demand for additional consumer debt, while simultaneously restricting their ability to access it. The net effect of student loan debt on consumer borrowing varies by market,...
Persistent link: https://www.econbiz.de/10014025960
Cover Image
A day late and a dollar short : liquidity and household formation among student borrowers
Goodman, Sarena; Isen, Adam; Yannelis, Constantine - 2018
The federal government encourages human capital investment through lending and grant programs, but resources from these programs may also finance non-education activities for students whose liquidity is otherwise restricted. This paper explores this possibility, using administrative data for the...
Persistent link: https://www.econbiz.de/10011927160
Cover Image
Saving and Wealth Accumulation Among Student Loan Borrowers : Implications for Retirement Preparedness
Dettling, Lisa J.; Goodman, Sarena; Reber, Sarah J. - 2022
Borrowing for education has increased rapidly in the past several decades, such that the majority of non-housing debt on US households' balance sheets is now student loan debt. This chapter analyzes the implications of student loan borrowing for later-life economic well-being, with a focus on...
Persistent link: https://www.econbiz.de/10013293225
Cover Image
Does Education Loan Debt Influence Household Financial Distress? An Assessment Using the 2007-09 SCF Panel
Thompson, Jeffrey P. - 2014
This paper uses the recent 2007-09 SCF panel to examine the influence of student loans on financial distress. Families with student loans in 2007 have higher levels of financial distress than families without such loans, and these families were more susceptible to transitions to financial...
Persistent link: https://www.econbiz.de/10013043733
Cover Image
Payday Loans and Consumer Financial Health
Bhutta, Neil - 2017
The annualized interest rate for a payday loan often exceeds 10 times that of a typical credit card, yet this market grew immensely in the 1990s and 2000s, elevating concerns about the risk payday loans pose to consumers and whether payday lenders target minority neighborhoods. This paper...
Persistent link: https://www.econbiz.de/10014121058
Cover Image
Stress testing household debt
Bhutta, Neil; Bricker, Jesse; Dettling, Lisa J.; … - 2019
We estimate a county-level model of household delinquency and use it to conduct "stress tests" of household debt. Applying house price and unemployment rate shocks from Comprehensive Capital Analysis Review (CCAR) stress tests, we find that forecasted delinquency rates for the recent stock of...
Persistent link: https://www.econbiz.de/10012017497
Cover Image
Health Insurance and Hospital Supply : Evidence from 1950s Coal Country
Figinski, Theodore F. - 2020
The United States government spends billions on public health insurance and has funded a number of programs to build … health care facilities. However, the government runs these two types of programs separately: in different places, at … different times, and for different populations. We explore whether access to both health insurance and hospitals can improve …
Persistent link: https://www.econbiz.de/10012834046
Cover Image
On Intergenerational Immobility : Evidence that Adult Credit Health Reflects the Childhood Environment
Goodman, Sarena; Henriques Volz, Alice; Mezza, Alvaro - 2017
risk, background is a strong predictor of adult credit health. A relationship remains upon inclusion of achievement …
Persistent link: https://www.econbiz.de/10014122082
Cover Image
Mortgage Debt and Household Deleveraging : Accounting for the Decline in Mortgage Debt Using Consumer Credit Record Data
Bhutta, Neil - 2012
One of the major reasons hypothesized for the tepid economic recovery thus far is the ongoing "deleveraging" process. From 2009:Q3 to 2011:Q3, aggregate household debt declined by about $1.5 trillion in real terms, with mortgage debt falling by about $1 trillion. Other than defaults, the factors...
Persistent link: https://www.econbiz.de/10013106986
Cover Image
The Interplay between Student Loans and Credit Card Debt : Implications for Default in the Great Recession
Ionescu, Anamaria Felicia - 2014
We analyze the interactions between two different forms of unsecured credit and their implications for default behavior of young U.S. households. One type of credit mimics credit cards in the United States and the default option resembles a bankruptcy filing under Chapter 7; the other type of...
Persistent link: https://www.econbiz.de/10013058379