The earnings of young adults who live in the same neighborhoods as their parents completely recover after a job displacement, unlike the earnings of young adults who live farther away, which permanently decline. Nearby workers appear to benefit from help with childcare since grandmothers are...

Rising student debt balances have captured the attention of policy makers and academics; however, the effect of student debt on individuals’ self-employment behavior is still unclear. In this paper, we estimate the association between student debt and self-employment using data from the Survey...