Welcome to the Academy of Financial Service’s 2019 Annual Meeting being held in Minneapolis, Minnesota in conjunction with FPA’s Annual Conference 2019. This is the full agenda for AFS. For details on FPA items, visit their Full Schedule. Please report any errors to support@academyfinancial.org.
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Wednesday, October 16 • 1:45pm - 2:45pm
F2b Student-Loan Debt and Philanthropic Behavior of the Household

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This study examines student debt and its effects on the philanthropic behavior of households using data sets from the 2011 to 2017 U.S. Panel Study of Income Dynamics. The empirical results show that the presence of student debt on the balance sheet of a household is associated positively to both the probability of making charitable contributions and the amount of charitable donations. The study also finds that the amount of student debt relates positively to the total amount households contribute to charitable organizations. This paper finds no evidence of a statistically significant relationship between the amount of student debt and the probability that a household will donate to charity.

Author(s): Thomas Korankye

avatar for Thomas Korankye

Thomas Korankye

PhD Candidate, Texas Tech University

Wednesday October 16, 2019 1:45pm - 2:45pm CDT
201 B

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