This chapter reviews the literature on intergenerational mobility. While our review is
centered around the large empirical literature on this topic, we also give a brief discussion of …

This review surveys the literature on student lending, emphasizing empirical studies of
default, credit outcomes, and earnings. Student loans exist to alleviate credit constraints and …

The increasing tension between the perceived necessity of a college degree and the
challenge of paying for it has led to a proliferation of financial aid policy in the United States …

We study the link between market forces, cross-sectional inequality, and intergenerational
mobility. Emphasizing complementarities in the production of human capital, we show that …

This paper examines the sources of differences in social mobility between the US and
Denmark. Measured by income mobility, Denmark is a more mobile society, but not when …

We evaluate the effects of the 2020 student debt moratorium. Using administrative credit
panel data, we compare borrowers whose loans were frozen to borrowers whose loans …

We estimate the effect of student loan debt on subsequent homeownership in a uniquely
constructed administrative data set for a nationally representative cohort. We instrument for …

This paper investigates the determinants of inequality in human capital with an emphasis on
the role of the credit constraints. We develop and estimate a model in which individuals face …

Effective consumer financial education provides relevant information to meet special needs
of targeted audiences. The purpose of this study is to examine differences in financial …

Income-driven student loan repayment (IDR) plans provide protection against unaffordable
loan payments and default by linking loan payments to borrower's earnings. Despite the …