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The private market for student loans has become an important source of college financing in the United States. Unlike government student loans, the terms on student loans in the private market are based on credit status. We quantify the importance of the private market for student loans and of...
Persistent link: https://www.econbiz.de/10010892304
With worldwide migration becoming increasingly prevalent in policy agendas over the past several decades, understanding the effects that migrants have on a host country's population continues to be an important research agenda. There is a large literature documenting the effects that migrants...
Persistent link: https://www.econbiz.de/10010773924
In this paper, I will describe in detail both the Earned Income Tax Credit and the Child Tax Credit in the U.S., including their origins, their structure, and the effects they have on the labor market and family formation. I will then discuss the macroeconomic implications of U.S. welfare...
Persistent link: https://www.econbiz.de/10010773925
The Earned Income Tax Credit (EITC) is the single most important transfer program in place in the United States. An aspect of the EITC that has received little attention thus far is its role as a public insurance program. Yet, the structure of the EITC necessarily protects its primary class of...
Persistent link: https://www.econbiz.de/10010884161
This paper uses a gravity model of migration to analyze how income differentials affect the flow of immigrants into U.S. states using annual data from the American Community Survey. We add to existing literature by decomposing income differentials into short- and long-term components and by...
Persistent link: https://www.econbiz.de/10011279271
eligibility conditions in the private market for student loans induces a 5.2 percent decline in the four-year college investment rate, whereas a relaxation in borrowing limits for government student loans leads to a 5.1 percent increase in the four-year college investment rate, with most of the...
Persistent link: https://www.econbiz.de/10011080805
Under current law, participants in (college) student loan program must repay their loan in full regardless of whether they complete college. Dropout rate among college students from low-income background is anywhere between 33 to 50 percent. The combination of lack of family resources,...
Persistent link: https://www.econbiz.de/10011081108
We analyse, theoretically and quantitatively, the interactions between different forms of unsecured credit and their implications for default behaviour of young U.S. households. One type of credit mimics credit cards in the U.S. and the default option resembles a bankruptcy filing under Chapter...
Persistent link: https://www.econbiz.de/10011081356
In this paper we aim to understand the evolution of household portfolios, defined broadly enough to include both human and financial wealth positions, over the life-cycle. A key feature of our approach is to include lumpy initial investments (formal education) and subsequent “on the...
Persistent link: https://www.econbiz.de/10011188037
We analyze, theoretically and quantitatively, 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 U.S. and the default option resembles a bankruptcy filing under...
Persistent link: https://www.econbiz.de/10010903255