Student loan debt and U.S. married households’ stock investment decisions

Thomas Korankye
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Thomas Korankye: Personal and Family Financial Planning, Norton School of Human Ecology, The University of Arizona, Tucson, USA

Economic Analysis Letters, 2023, vol. 2, issue 4, 13-18

Abstract: This study aims to examine the effects of student loan debt on the decisions of U.S. married households to invest in stocks located in non-retirement accounts. Using longitudinal datasets from the 2011 to 2017 U.S. Panel Study of Income Dynamics and a fixed effects logit model, the results show mixed findings. The presence of student debt decreases the probability that married households will own stocks, but the amount of student debt does not show a statistically significant effect. The findings suggest that the incidence of student debt raises the perception of liquidity constraints and debt burden among married households.

Keywords: Student loan debt; stock ownership; married households; stock investments; Panel Study of Income Dynamics (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (1)

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