Proponents of minimum wage legislation point to its potential to raise earnings and reduce poverty, while opponents argue that disemployment effects lead to net welfare losses. But these arguments typically ignore the possibility of spillover effects on other aspects of households' financial...

Borrowing for education has increased rapidly in the past several decades, such that the majority of non-housing debt on US households' balance sheets is now student loan debt. This chapter analyzes the implications of student loan borrowing for later-life economic well-being, with a focus on...

Borrowing for education has increased rapidly in the past several decades, such that the majority of non-housing debt on US households’ balance sheets is now student loan debt. This paper analyzes the implications of student loan borrowing for later-life economic well-being, with a focus on...