of individuals who are current on their debt. We document that these effects are concentrated at the bottom of the income …

student debt changes to the observed changes in young Americans’ living arrangements, we model flows into and out of co …, we find that student loans deter independence: state-cohort groups who were more heavily reliant on student debt while in …

. Yet, despite its importance, educational debt is not well understood. Among the reasons is that there exist few central … analysis of the historical and current levels of student debt and how those loans are performing. We also briefly discuss the …

financial market segmentation. If we enrich the set of observables with a measure of long-term debt, the semi-elasticity of the … risk premium to the amount of debt in private-sector hands is substantially smaller than that reported in the recent …

and debt in funding such assets. In contrast, the balance sheet management of financial intermediaries reveals that it is … (NPV) projects as given, which in turn determines the size of the firm’s assets. The focus is on the composition of equity …

research questions survey respondents’ propensity and ability to report debt characteristics accurately. We compare household … debt as reported by borrowers to the SCF with household debt as reported by lenders to Equifax using the new FRBNY Consumer … Credit Panel (CCP). Moments of the borrower and lender debt distributions are compared by year, age of household head …