Total U.S. student loan debt has grown substantially, raising concerns about its impacts. Previous work has suggested that indebted graduates pursue higher-wage careers. However, other trade-offs are possible in adverse economic conditions. Graduates may reduce search effort or hold multiple low-...
Abstract Today, approximately 44 million Americans hold around $1.7 trillion in student loan debt, with over 20% of borrowers in default. Over one million borrowers fall into default annually. In this chapter, we study the income and wealth effects from going to college stratified by race, firs...
Sentiment and emotion play a crucial role in financial journalism, influencing market perceptions and reactions. However, the impact of the COVID-19 crisis on the language used in financial newspapers remains underexplored. The present study addresses th
The National Bureau of Economic Research (NBER) defines a recession as“a significant decline in economic activity that is spread across the economy and that lasts more than a few months", Opens overlayFootnote2Opens overlay. Economists look to past indicators to determine when a recession starts ...
Examples of public policies to ameliorate barriers to education include grants, student loans, work-study programs, tax rebates for tuition and student loan interest, and other subsidies. This paper examines the effect of a different policy—an Individual Development Account (IDA)—on postsecondary ...
Structural changes in government expenditure can drive the adjustment of social resources; therefore, it is fundamental to investigate the macroeconomic transmission effect of government expenditure on the development of the philanthropic sector in order to promote the sustainable development of philanthropy ...
In all the countries affected by the Great Recession, recovery was slow and uneven, and the broader social consequences of the downturn—including, in the United States, lower fertility rates, historically high levels of student debt, and diminished job prospects among young adults—were expected ...
For many millennials, financial goals have been crimped by record levels of student debt, which has doubled in the past decade to more than a trillion dollars. The average student loan balance for a collage gradate in 2013 hit $35,000, according to a survey by Fidelity. ...
While taking steps towards saving their island from the effects of climate change, the youths of Yanuca village on the island of Moturiki in Lomaiviti have started their project of planting mangrove seedlings to save their village. More than 50 mangrove seedlings ...
Student loan debtWe model the effects of biomedical graduate indebtedness on economic growth.We derive a science–growth curve: a relation between pure research and economic growth.Graduate indebtedness may affect the allocation of human resources within the R&D activities.We find two main effects of...