Looney and you may Yannelis keep in mind that these schools had a tendency to enter people which have particular qualities-more had been financially separate, originated in reduced-money family members, or one another. You to combined the vulnerability so you can standard, possibly partially while they had been less likely to want to get family help. The study nevertheless found a match up between school variety of and default, even with bookkeeping for these functions.
But research constraints eliminated brand new economists out of considering specific extremely important group measures for example race. Continue reading “Government entities really does limitation in which people can use financing by requiring establishments to get accredited”