The newest FRBNY research put research regarding the FRBNY Consumer credit Committee spanning 1999 to 2012
The contrary explanations i’ve so far demonstrated advise that new relationships anywhere between student loan personal debt and you may homeownership try good mirage – or spurious – and both style are increasingly being passionate from the specific huge, external, force. But there is also a powerful stop narrative to any or all of. It might be, as an example, the aggregate-level correlation ranging from education loan loans and you can homeownership will not show up in private-height studies. In addition, analysis functions and you may top quality get count. Basically, compared with old-fashioned information, you will be able one to education loan debtors are no less likely to order a home than non-debtors, such that the previous lookup about procedure try, in short, incorrect. Such as for instance, Beth Akers replicated the new FRBNY analysis using study regarding the Survey away from Individual Profit-long said to be new gold standard dataset having knowledge loans and you will money in the united states-of 1989 to help you 2010. (mehr …)