Claims: Beliefs and Actions under Government Policy Uncertainty: Evidence from Student Loan Forgiveness -- by Dmitri K. Koustas, Michael Weber, Constantine Yannelis
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- title: Beliefs and Actions under Government Policy Uncertainty: Evidence from Student Loan Forgiveness -- by Dmitri K. Koustas, Michael Weber, Constantine Yannelis Source
- url: https://www.nber.org/papers/w35319#fromrss Source
- summary: How does uncertainty about future government policy affect households’ beliefs and subsequent borrowing, spending and debt payment behavior? We study these questions through the lens of student loan forgiveness in the United States, which following electoral promises, was announced in 2022 but never implemented due to judicial rulings. We conduct a customized information provision experiment embedded in a survey eliciting real-time beliefs about future debt forgiveness and repayment, which we li… Source
- published: Source