Student Loan Debt, Educational Attainment, and Tenure Choice

Posted: 6 Dec 2017 Last revised: 29 Jan 2018

See all articles by Joshua Miller

Joshua Miller

U.S. Department of Housing and Urban Development (HUD)

Silda Nikaj

University of Illinois at Chicago

Date Written: December 1, 2017

Abstract

Using the Educational Longitudinal Study of 2002 (ELS 2002), a unique survey that tracks High School sophomores to young adulthood, we estimate the relationship between student loan debt, educational attainment, and tenure choice. We improve upon prior studies by matching pre-treatment characteristics through coarsened exact matching (CEM) and jointly modelling the decision to leave the parental home and tenure choice. Our analysis suggests effects are large in magnitude and robust for degree non-completers that incurred student loan debt. Non-completers that incurred student loan debt are nearly 7.8 percentage points less likely to own a home than otherwise similar bachelor degree holders.

Keywords: Homeownership, Student Loan Debt, Tenure Choice

JEL Classification: D10, H31, Q15, R20

Suggested Citation

Miller, Joshua and Nikaj, Silda, Student Loan Debt, Educational Attainment, and Tenure Choice (December 1, 2017). Available at SSRN: https://ssrn.com/abstract=3080995 or http://dx.doi.org/10.2139/ssrn.3080995

Joshua Miller (Contact Author)

U.S. Department of Housing and Urban Development (HUD) ( email )

451 Seventh Street S.W.
DC, WA 20410
United States

Silda Nikaj

University of Illinois at Chicago ( email )

1200 W Harrison St
Chicago, IL 60607
United States

Here is the Coronavirus
related research on SSRN

Paper statistics

Abstract Views
516
PlumX Metrics