Student Debt and Labor Market Outcomes

Gerald Daniels and Andria Smythe

AEA Papers and Proceedings, 2019, vol. 109, 171-75

Abstract: We study the impact of student debt on various labor market outcomes, namely, income, hourly wages, and hours worked. Using the NLSY97 and a difference-in-difference approach, we find statistically significant differences in labor market outcomes for individuals who received a student loan versus those who received no student loan. We find that the difference in post- versus pre-college income is 8-9 percent higher for individuals that received a student loan relative to individuals who received no student loan. Further, we find evidence that this higher income is due to higher work hours.

JEL-codes: D14 I22 I23 J22 J31 (search for similar items in EconPapers)
Date: 2019
Note: DOI: 10.1257/pandp.20191087
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Citations: View citations in EconPapers (1)

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