In this project, I attempt to address this question. I propose to estimate the effect of student debt on individual's investments in human capital. I measure investments in human capital both directly (e.g. through obtaining a graduate degree, or by taking on additional student debt) and indirectly through job choices. As the main contribution of the project, I propose to estimate how the effect of student debt varies across the student population. For example, my data and empirical design allows me to separately estimate the effect of student debt by family income, assets, or total debt. My hope is that these estimates of how the effect of student debt varies by the financial characteristics of the household can be valuable for a policymaker when evaluating different policy proposals.
|Effective start/end date||8/1/21 → 7/31/23|
- National Science Foundation (SES-2049909)