全球智库信息集成服务系统(G2TT): Framing Effects, Earnings Expectations, and the Design of Student Loan Repayment Schemes

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w24484
来源ID	Working Paper 24484
	Framing Effects, Earnings Expectations, and the Design of Student Loan Repayment Schemes
	Katharine G. Abraham; Emel Filiz-Ozbay; Erkut Y. Ozbay; Lesley J. Turner
发表日期	2018-04-09
出版年	2018
语种	英语
摘要	Income-driven student loan repayment (IDR) plans provide protection against unaffordable loan payments and default by linking loan payments to borrowers’ earnings. Despite the advantages IDR would offer to many borrowers, take-up remains low. We investigate how take-up is affected by the framing of IDR through a survey of University of Maryland undergraduates. When the insurance aspects of IDR are emphasized, students are significantly more likely to participate, while participation is significantly lower when costs are emphasized. IDR framing interacts with expected labor market outcomes. Emphasizing the insurance aspects of IDR has larger effects on students who anticipate a higher probability of not being employed and/or low earnings at graduation. In contrast, when costs are emphasized, IDR take-up is uncorrelated with students’ expected labor market outcomes. Simulation results suggest that a simple change in the framing of IDR could generate substantial reductions in loan defaults with little cost to long-run federal revenue.
主题	Microeconomics ; Households and Firms ; Economics of Information ; Public Economics ; National Fiscal Issues ; Health, Education, and Welfare ; Education
URL	https://www.nber.org/papers/w24484
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/582158
推荐引用方式 GB/T 7714	Katharine G. Abraham,Emel Filiz-Ozbay,Erkut Y. Ozbay,et al. Framing Effects, Earnings Expectations, and the Design of Student Loan Repayment Schemes. 2018.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
w24484.pdf（741KB）	智库出版物		限制开放	CC BY-NC-SA	浏览