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Title: Can't Afford a Baby? Debt and Young Americans
Resulting in 1 citation.
1. Nau, Michael
Dwyer, Rachel E.
Hodson, Randy
Can't Afford a Baby? Debt and Young Americans
Research in Social Stratification and Mobility 42 (December 2015): 114-122.
Also: http://www.sciencedirect.com/science/article/pii/S0276562415000402
Cohort(s): NLSY97
Publisher: Elsevier
Keyword(s): Debt/Borrowing; Fertility; Parenthood; Student Loans

This article explores the role of personal debt in the transition to parenthood. We analyze data from the National Longitudinal Study of Youth-1997 cohort and find that for the generation coming of age in the 2000s, student loans delay fertility for women, particularly at very high levels of debt. Home mortgages and credit card debt, in contrast, appear to be precursors to parenthood. These results indicate that different forms of debt have different implications for early adulthood transitions: whereas consumer loans or home mortgages immediately increase access to consumption goods, there is often a significant delay between the accrual and realization of benefits for student loans. The double-edged nature of debt as both barrier and facilitator to life transitions highlights the importance of looking at debt both as a monetary issue and also as a carrier of social meanings.
Bibliography Citation
Nau, Michael, Rachel E. Dwyer and Randy Hodson. "Can't Afford a Baby? Debt and Young Americans." Research in Social Stratification and Mobility 42 (December 2015): 114-122.