Labor Unions, Debt, and Financial Advantage in Young Adulthood in the United States
研究工会覆盖是否帮助青年获得更好的信贷条件、积累财富型债务，并避免高成本财务策略，基于美国青年纵向调查数据。
Unionized workers experience significant labor market advantages. Do these advantages transfer to financial markets, including credit and consumer markets? We argue that union coverage facilitates financial advantages in young adulthood by enhancing access to wealth-building credit and avoidance of costly financial coping strategies. We extend a conceptual model of financial advantage based on young adults’ debt holdings to the case of early career union coverage using data from the National Longitudinal Survey of Youth-1997 Cohort . Findings support the importance of labor market institutions in fostering financial advantages and underscore the role of credit and debt for life course inequality processes.