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Quantitative Assessment Of The Presence Of A Bubble In The Higher Education Market, Kyle Birnbaum
Quantitative Assessment Of The Presence Of A Bubble In The Higher Education Market, Kyle Birnbaum
Honors Theses
The relationship between the value of a college education and the price of the diploma is explored for exuberance in light of the accelerating growth rate of college tuition. With the Great Recession of 2007 still in on the minds of the American public, bubble formation and the subsequent burst is a concern for future economic stability. Discussion on the presence of a higher education bubble continues to increase however it has yet to be quantitatively assessed. This paper utilizes a modified price-dividend ratio, tailored for higher education, implemented in the econometric model for bubble detection developed by Phillips, Wu …
The Effect Of Educational Debt On The Probability Of Homeownership For College Graduates: An Empirical Analysis, Cole Ikkala
The Effect Of Educational Debt On The Probability Of Homeownership For College Graduates: An Empirical Analysis, Cole Ikkala
Honors Theses
With the average tuition of both public and private institutions on the rise, students are graduating from college with a higher burden of debt than ever before. In turn this is adversely affecting their post-graduation decisions, specifically the purchasing of their first home. With the simultaneous increase of educational debt levels and tightening of lending constraints for mortgages, it is hypothesized that first-time homeownership is being delayed. The purpose of this study is to analyze what exactly is delaying graduates from purchasing a home, the outstanding total educational debt amount or the monthly educational debt repayment amounts. Both can hinder …