Sérgio Pinto is a Fellow in Higher Education Finance at the Jain Family Institute and a PhD candidate at the University of Maryland’s School of Public Policy. His dissertation focuses on income inequality, discrimination against immigrants, and the effects of labor market concentration on worker wages and employment in Portugal, his home country. A separate strand of his work relates to subjective well-being in the US, its heterogeneity across multiple groups, and possible links with deaths of despair. Previously, he has worked at the World Bank and at The Brookings Institution.

Hysteresis & Student Debt

How the Great Recession fueled the student debt crisis.

The geographic character of the Great Recession of 2008–2009 is, by this point, well-known. While everywhere in the United States experienced a sharp increase in unemployment, some areas suffered disproportionate exposure to subprime mortgages and the consequent bursting of the…