Assets and Job Choice: Student Debt, Wages, and Job Satisfaction

• Published in: IDEAS Working Paper Series from RePEc
• Main Authors: Luo, Mi, Mongey, Simon
• Format: Paper
• Language: English
• Published: St. Louis Federal Reserve Bank of St. Louis 01.01.2019
• Subjects: Job satisfaction; Student debt

Higher student debt causes college students to take jobs with higher wages and lower job satisfaction. We arrive at this finding using representative samples of college graduates and exploiting variation in financial aid policies to identify the causal effect of debts on job choices. When we extend...