Braxton, John Carter; Chikhale, Nisha; Herkenhoff, Kyle; … - National Bureau of Economic Research - 2024
parent's credit access to the labor market outcomes of children in the U.S. We find that a 10% increase in parent's unused … revolving credit during their children's adolescence (13 to 18 years old) is associated with 0.28% to 0.37% greater labor … earnings of their children during early adulthood (25 to 30 years old). Using these empirical elasticities, we estimate a …