This dissertation consists of two essays at the intersection of the economics of education and inequality. The first chapter analyzes how increasing levels of student debt affect career and housing choices of bachelor's degree recipients in the United States. Using within-cohort across-school variations in financial aid policies, it shows that…

Almost half of postsecondary students are currently enrolled in community colleges. These institutions imply that even amongst students with the same degree outcome there is considerable heterogeneity in the path taken to get there. I estimate the life-cycle private and social returns to the different postsecondary paths and sequential decisions…

From the 1960s to the 1990s in the United States, a distinctive feature was observed in variations in the number of Bachelor's degree recipients by field of study. The number in each field demonstrated certain cyclical patterns. Similarly, the U.S. economy experienced fluctuations during a comparable period. Given this 40-year trend, this study…