19 Aug In the event that education loan obligations truly does depress homeownership, we would predict around to-be variations those types of indebted
Once more, if your relationships was causal, we might expect the chances of home ownership so you're able to ount from education loan financial obligation accumulated (unlike as a result for the simple presence otherwise absence of debt)
The aforementioned analyses are of help, however, provide us with absolutely nothing insight into if or not there can be a good causal connection anywhere between obligations therefore the probability of homeownership. It will be possible these results was entirely motivated by differences when considering debtors and you will low-debtors - ergo top us to imagine there can be a causal relationship when there is not. To help you disentangle so it, i and additionally used an effective regression technique, called a good spline, that allows me to at the same time imagine brand new association anywhere between which have any obligations (yes/no) and you will homeownership, therefore the connection between the level of financial obligation and you loan places New Britain may homeownership, some of those in debt.