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Behavioral Effects of Student Loan Repayment Plan Options on Borrowers’ Career Decisions: Theory and Experimental Evidence

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NBER2018-07-01 更新2025-01-04 收录
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We study the effects of available student loan repayment plans on borrowers career choices. By removing the risk of loan default, income driven repayment (IDR) plans make higher-paying but riskier jobs more attractive to those with moderate skill levels. We present experimental evidence that student

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2018-07-01
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