--the phenomenon where owing a good increases one's valuation of it--inhibits demand for loans which use a borrower's existing assets … using the new durable assets being financed by the loans themselves. They are willing to pay 9% per month higher interest … for such Same-Asset Collateralized Loans (SACLs) despite the endowed and new assets being randomized, and thus similarly …

contribute to explain heterogeneous consumption, saving, investment, and debt choices as well as different reactions by similar …

Almost 50 million Americans are burdened by the need to repay almost $2 trillion in student loan debt, while at the …-reform, employees will repay more loan debt but reduce own retirement plan contributions, offset by higher employer …