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Author: Bogan, Vicki L.
Resulting in 2 citations.
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Bentley, Michael J. Bogan, Vicki L. |
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Boomerang Bias: Examining the Effect of Parental Coresidence on Millennial Financial Behavior Financial Planning Review 2,1 (March 2019): e1034. Also: https://onlinelibrary.wiley.com/doi/10.1002/cfp2.1034 Cohort(s): NLSY97 Publisher: Wiley Online Keyword(s): Assets; Coresidence; Debt/Borrowing; Financial Behaviors/Decisions; Residence, Return to Parental Home/Delayed Homeleaving Permission to reprint the abstract has not been received from the publisher. Millennials, or those born between 1980 and 1998, face unique financial situations relative to the general population. With increasing levels of educational loans and debt, many choose to live with their parents as a means of financial support, thus resulting in differing financial behaviors when compared to Millennials who live independently. This paper analyzes the effect of parental coresidence on debt, asset ownership, and asset values. We find evidence linking parental coresidence with decreases in magnitude and likelihood of having debt, along with significant differences in "risky" and "safe" asset ownership and valuations. Moreover, we find causal evidence that parental coresidence is used as a mechanism to decrease general debt. |
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Bibliography Citation
Bentley, Michael J. and Vicki L. Bogan. "Boomerang Bias: Examining the Effect of Parental Coresidence on Millennial Financial Behavior." Financial Planning Review 2,1 (March 2019): e1034.
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Bogan, Vicki L. Wu, Di |
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Business Cycles, Race, and Investment in Graduate Education Journal of Economics, Race, and Policy 1,2-3 (September 2018): 142-175. Also: https://link.springer.com/article/10.1007/s41996-018-0004-x Cohort(s): NLSY97 Publisher: Springer Keyword(s): Business Cycles; College Degree; College Major/Field of Study/Courses; Educational Attainment; Racial Differences; Unemployment Rate Permission to reprint the abstract has not been received from the publisher. This paper examines how macroeconomic factors influence household decision making with regard to human capital investment. We provide evidence suggestive of a causal relationship between macroeconomic indicators and the decision to pursue graduate education. Overall, we find graduate school enrollment is counter-cyclical with the business cycle and the magnitude of the relationship between macroeconomic indicators and the specific type of graduate school programs varies. In particular, we find differential racial effects of the business cycle on graduate school enrollment. The magnitude of the effects of the business cycle on graduate school enrollment is greater for some under-represented minority groups. |
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Bibliography Citation
Bogan, Vicki L. and Di Wu. "Business Cycles, Race, and Investment in Graduate Education." Journal of Economics, Race, and Policy 1,2-3 (September 2018): 142-175.
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