Pausing Student-Loan Payments Boosted the Economy
But the pandemic-era moratorium may also have led some borrowers to take on even more debt.
Pausing Student-Loan Payments Boosted the EconomyGrinbox/Shutterstock
The COVID-19 pandemic drove employees and companies all over the world to experiment with remote work, which helped them assess its feasibility and value as an ongoing arrangement. Many employees are certainly finding it beneficial, according to a team of researchers, Chicago Booth’s Steven J. Davis among them, that conducted a survey in 27 countries in mid-2021 and early 2022 and 34 countries in April and May 2023 of mostly highly educated workers. The results reveal a large, favorable, and pervasive shift in perceptions about working from home—one that has led to an expansion in remote work and that the researchers believe will stick even after the pandemic ends.
But the pandemic-era moratorium may also have led some borrowers to take on even more debt.
Pausing Student-Loan Payments Boosted the EconomyThree experts in the theory and practice of hybrid work discuss its potential impact on the labor market.
How is WFH Shaping the Job Market?The spending of Americans who are relocating appears to complicate Milton Friedman’s influential permanent income hypothesis.
People on the Move Economize—Even When Chasing Higher IncomesYour Privacy
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