ERIC Number: EJ1175068
Record Type: Journal
Publication Date: 2018
Abstractor: As Provided
Does Studying Economics in College Influence Loan Decisions Later in Life?
Bosshardt, William; Walstad, William B.
Journal of Economic Education, v49 n2 p130-141 2018
The authors investigate the relationship between undergraduate economics coursework or majoring in economics and the debt behavior of the college graduates. The data come from the Baccalaureate and Beyond (B&B) longitudinal survey of the National Center for Education Statistics. College graduates who took courses in undergraduate economics or majored in the subject appear less willing to assume debt through auto loans or federal student loans. If they do assume debt, the amount of the monthly payment (auto loans) or the total amount owed (student loans) is less for college graduates with economics coursework or an economics major compared with other students. The findings are robust for college graduates one year and four years after graduation.
Descriptors: Economics Education, Outcomes of Education, Money Management, Undergraduate Study, Graduate Surveys, Debt (Financial), Decision Making Skills, Decision Making, Majors (Students), Longitudinal Studies, Interviews, Credit (Finance), Student Loan Programs, Predictor Variables, College Graduates, Bachelors Degrees
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Publication Type: Journal Articles; Reports - Research
Education Level: Higher Education
Authoring Institution: N/A
Identifiers - Assessments and Surveys: Baccalaureate and Beyond Longitudinal Study (NCES)
Grant or Contract Numbers: N/A