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Title: 50 Years of American Indebtedness and Policies That Have Shaped It
Resulting in 1 citation.
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Pierret, Charles R. Datta, Atreyee Rupa |
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50 Years of American Indebtedness and Policies That Have Shaped It Presented: Miami FL, Association for Public Policy Analysis and Management (APPAM) Annual Fall Research Conference, November 12-14, 2015 Cohort(s): Mature Women, NLSY79, NLSY97, Older Men, Young Men, Young Women Publisher: Association for Public Policy Analysis and Management (APPAM) Keyword(s): Credit/Credit Constraint; Debt/Borrowing; Financial Assistance; Legislation; Life Course; State-Level Data/Policy Permission to reprint the abstract has not been received from the publisher. Using all six surveys in the National Longitudinal Surveys (NLS) program, this paper documents patterns of household debt since the late 1960s across several generations born throughout the 20th century. The paper indicates the extent to which demographic disparities in debt (for example, across age, educational attainment and race/ethnicity) have varied over time or across the life course. In tandem, the paper identifies key policy or market changes that have affected household indebtedness over the same 50 year period. Relevant areas include federal income tax treatment of mortgage debt, regulation of housing finance more generally, the rise of unsecured credit through credit cards, available methods of college finance, divorce laws, and federal and state tax incentives for retirement savings. |
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Bibliography Citation
Pierret, Charles R. and Atreyee Rupa Datta. "50 Years of American Indebtedness and Policies That Have Shaped It." Presented: Miami FL, Association for Public Policy Analysis and Management (APPAM) Annual Fall Research Conference, November 12-14, 2015. |