Armona, Luis | Author | Fed in Print
Author:Armona, Luis
Chakrabarti, Rajashri; Lovenheim, Michael; Armona, Luis (2017-04-01)
For-profit providers are becoming an increasingly important fixture of U.S. higher education markets. Students who attend for-profit institutions take on more educational debt, have worse labor market outcomes, and are more likely to default than students attending similarly selective public schools. Because for-profits tend to serve students from more disadvantaged backgrounds, it is important to isolate the causal effect of for-profit enrollment on educational and labor market outcomes. We approach this problem using a novel instrument combined with a more comprehensive data set on student ...
Armantier, Olivier; De Giorgi, Giacomo; Armona, Luis; Van der Klaauw, Wilbert (2016-08-01)
At some point in its life a household’s total debt may exceed its total assets, in which case it has “negative wealth.” Even if this status is temporary, it may affect the household’s ability to save for durable goods, restrict access to further credit, and may require living in a state of limited consumption. Detailed analysis of the holdings of negative-wealth households, however, is a topic that has received little attention. In particular, relatively little is known about the characteristics of such households or about what drives negative wealth. A better understanding of these ...
Negative Wealth 1 items