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首页> 外文学位 >Does Post-Recessionary Student Loan Debt Negatively Impact the Likelihood of Homeownership More Than Pre-Recessionary Student Loan Debt? Evidence from Comparative, Cross-Sectional Analyses of the Survey of Consumer Finances Data from 2004 and 2013.
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Does Post-Recessionary Student Loan Debt Negatively Impact the Likelihood of Homeownership More Than Pre-Recessionary Student Loan Debt? Evidence from Comparative, Cross-Sectional Analyses of the Survey of Consumer Finances Data from 2004 and 2013.

机译：衰退后学生贷款债务比衰退前学生贷款债务对住房拥有可能性的负面影响更大吗？来自2004年和2013年消费者金融数据调查的比较，跨部门分析的证据。

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摘要

More students are taking on loan debt for the purpose of postsecondary educational expenses and the amount of debt that students are taking on continues to increase over time. Until recently, few researchers had investigated the effects of student loan debt on wealth and non-financial asset accumulation, including homeownership. This paper contributes to a growing body of literature by using the 2004 and 2013 Survey of Consumer Finances cross-sectional data to explore and compare the relationship between pre- and post-recessionary outstanding student loan debt and the likelihood of homeownership using a difference-in-differences estimation model controlling for year fixed effects. This estimation strategy is also performed for population subgroups by age, race, and highest level of educational attainment. The paper provides compelling evidence that, while the individual explanatory power associated with student loan debt may be relatively small, student loan debt is statistically significantly and negatively associated with homeownership likelihood, on average, for all student loan debt holders. The data did not provide evidence to support the hypothesis that outstanding student loan debt decreases the likelihood of homeownership for all heads of household more in 2013 than it did prior to the recession, in 2004. The negative association between student loan debt and the likelihood of homeownership increases in size in relation to the amount of outstanding debt held for certain debt-holding population sub-groups, but not for others.
机译：越来越多的学生为了中学教育的目的而承担了借贷债务，并且随着时间的推移，学生所承担的债务数量继续增加。直到最近，很少有研究者调查过学生贷款债务对财富和非金融资产积累（包括房屋所有权）的影响。本文通过使用2004年和2013年《消费者金融调查》横截面数据来探索和比较衰退前和衰退后未偿还的学生贷款债务与采用差值法计算的房屋所有权可能性之间的关系，从而为不断发展的文学做出了贡献。 -控制年度固定效应的差异估计模型。还按年龄，种族和最高学历为人口子组执行此估计策略。该论文提供了令人信服的证据，尽管与学生贷款债务相关的个体解释力可能相对较小，但对于所有学生贷款债务持有者而言，学生贷款债务在统计学上显着地与房屋所有权可能性负相关。该数据没有提供证据支持以下假设，即与2004年经济衰退之前相比，未偿还学生贷款债务在2013年减少所有家庭户主拥有住房的可能性。学生贷款债务与住房贷款发生可能性之间的负相关性与某些债务持有人口子群体的未偿债务相比，房屋所有权的规模增加了，而其他债务群体则没有。

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  • 作者

    Price, Eric W.;

  • 作者单位

    Georgetown University.;

  • 授予单位 Georgetown University.;
  • 学科 Public policy.;Finance.;Education policy.;Higher education.
  • 学位 M.P.P.
  • 年度 2016
  • 页码 53 p.
  • 总页数 53
  • 原文格式 PDF
  • 正文语种 eng
  • 中图分类
  • 关键词

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