Student Loans and Homeownership
Student Loans and Homeownership
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学生贷款和住房所有权
DOI：
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发表时间：
2016
影响因子：
3.8
通讯作者：
K. Sommer
中科院分区：
文献类型：
--
作者：
A. Mezza;Daniel R. Ringo;S. Sherlund;K. Sommer
我们估计学生贷款债务的影响，随后在一个独特的构造管理数据集的全国代表性队列的房屋所有权。我们使用学生所在州的公立4年制大学的州内学费率的变化来计算个人学生债务的数额。学生贷款债务增加1,000美元，将使20多岁的公立4年制大学生的住房拥有率降低约1.8个百分点，相当于平均延迟约4个月才能拥有住房。有效性测试表明，结果不会受到当地经济条件或教育成果变化的影响。
We estimate the effect of student loan debt on subsequent homeownership in a uniquely constructed administrative data set for a nationally representative cohort. We instrument for the amount of individual student debt using changes to the in-state tuition rate at public 4-year colleges in the student’s home state. A $1,000 increase in student loan debt lowers the homeownership rate by about 1.8 percentage points for public 4-year college-goers during their mid-20s, equivalent to an average delay of about 4 months in attaining homeownership. Validity tests suggest the results are not confounded by local economic conditions or changes in educational outcomes.