The economic effects of student loan debt on post-baccalaureate graduates

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  In Roundtable: Table 44: Policy, Finance, and Economics: Roundtable 4

Abstract

This research uses a two-stage least square analysis with instrumental variables to examine whether loan debt influenced students who graduated during the 2009 recession to pursue a job unrelated to their major or to work longer hours; whether or not they attended graduate school, and the implications on their earnings.

Authors

• Frimpomaa Ampaw, Central Michigan University

• Osasohan Agbonlahor, Central Michigan University