Student Debt and Housing Wealth
SLLI is awarding a grant to Lesley Turner, Jeremy Burke, and Juan Saavedra. Jeremy Burke and Juan Saavedra are both economists at the University of Southern California Center for Economic and Social Research. Lesley Turner is an Associate Professor of Economics at Vanderbilt University and was also awarded a separate SLLI grant for research on income-driven student loan repayment. Together, these scholars will examine the effect of student loans on intergenerational wealth by linking SLLI datasets with California state tax records and housing data from Zillow. The grantees will examine how shocks to home values stemming from the Great Recession impacted student loan debt and subsequent housing wealth in California, offering new insight into the link between family wealth, student loan utilization, and lifetime financial outcomes for borrowers. As policymakers work to address systemic racial disparities in America’s financial markets, this work will provide unprecedented insight into the key role student debt plays in perpetuating these disparities across generations.
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Lesley Turner
Vanderbilt University -
Jeremy Burke
University of Southern California -
Juan Saavedra
University of Southern California