IV. Estimation

Inside part we present the results. Very first, within the area IV.An i identify some elementary correlations ranging from student loan personal debt and you can homeownership, along with just how these progress over the lifestyle stage and are different because of the degree height. Inside area IV.B we let you know the outcome of several regressions, wanting to address the endogeneity out-of education loan personal debt because of the controlling to have observable attributes. Our very own fundamental identification means, using a crucial varying approach additionally the procedures/handle category shaping, are detailed in the section IV.C. I upcoming expose the outcomes during the point IV.D. During the parts IV.Age and you will IV.F i explore prospective disappointments in our determining presumptions and you can focus on several evaluating so you can validate them. In the end, in section IV.Grams we guess the result regarding student education loans to your individuals’ borrowing from the bank ratings and you can unpaid condition together with size of its financial stability.

A. Patterns regarding Debt and you will Homeownership

Profile step one plots the chances of ever which have taken up a good real estate loan resistant to the person’s ages for several quantities of college student debt. During the profile 1A, we examine individuals who attended college or university ahead of many years 23 without taking on the personal debt which have those who performed borrow along with that have individuals who did not sit-in college or university by the one decades. (altro…)