| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w25810 |
| 来源ID | Working Paper 25810 |
| Second Chance: Life without Student Debt | |
| Marco Di Maggio; Ankit Kalda; Vincent Yao | |
| 发表日期 | 2019-05-06 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | We exploit an episode of plausibly-random debt discharge, due to the inability of National Collegiate to prove chain of title, to examine the effects of student debt relief on individual credit and labor market outcomes. We find that borrowers experiencing this debt relief shock reduce their indebtedness by 11%, and number of other delinquent accounts by 24%. After the discharge, we see increases in the borrowers' geographical mobility, probability of changing jobs, and ultimately their income, which increases by about $3000 over a three year period. Although we cannot quantify its costs, these findings speak to the benefits of loan forgiveness in reducing the consequences of debt overhang. |
| 主题 | Microeconomics ; Households and Firms ; Public Economics ; National Fiscal Issues ; Health, Education, and Welfare ; Education ; Labor Economics ; Labor Supply and Demand |
| URL | https://www.nber.org/papers/w25810 |
| 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/583483 |
| 推荐引用方式 GB/T 7714 | Marco Di Maggio,Ankit Kalda,Vincent Yao. Second Chance: Life without Student Debt. 2019. |
| 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 | ||
| w25810.pdf（584KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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