Effects of college educational debt on graduate school attendance and early career and lifestyle choices
Effects of college educational debt on graduate school attendance and early career and lifestyle choices
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大学教育债务对研究生入学率以及早期职业和生活方式选择的影响
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发表时间：
2013
期刊：
影响因子：
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通讯作者：
Lei Zhang
中科院分区：
文献类型：
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作者：
Lei Zhang
本文探讨了大学教育债务如何影响学士学位获得者的各种学士学位后的决定。我使用的是93/97调查数据。以大学资助政策为工具变量，对公立大学毕业生的大学债务水平进行修正后发现，公立大学毕业生的大学债务水平对研究生入学率有显著的负向影响。这种负面影响集中在与博士，MBA和第一专业（FP）学位相关的更昂贵的课程上，债务对硕士课程的选择没有影响。对于私立大学的学生来说，债务对研究生院的整体出勤率没有影响，但这种影响的缺失掩盖了债务对不同研究生课程的不同影响-债务对MBA或FP课程的选择有积极和显著的影响，对其他课程的影响为零。对于公立和私立大学的学生来说，债务对早期的职业选择没有影响，如工资，职业部门，婚姻状况和房屋所有权。
This paper examines how college educational debt affects various post-baccalaureate decisions of bachelor’s degree recipients. I employ the Baccalaureate and Beyond 93/97 survey data. Using college-aid policies as instrumental variables to correct for the endogeneity of student college debt level, I find that for public college graduates, college debt has a negative and significant effect on graduate school attendance. This negative effect is concentrated on more costly programs associated with doctoral, MBA, and first professional (FP) degrees, and debt has no effect on the choice of a master’s program. For private college students, debt does not have an effect on the overall graduate school attendance, but this absence of effect conceals the differential effects of debt on different graduate programs – debt has a positive and significant effect on the choice of an MBA or an FP program, and a zero effect on other programs. For both public and private college students, debt has no effects on early career choices such as salary, sector of occupation, marital status, and homeownership.