Bound Volume Number


Degree Type

Honors Capstone Project

Date of Submission

Spring 5-1-2015

Capstone Advisor

Prof. Perry Singleton

Honors Reader

Prof. Jeff Kubik

Capstone Major


Capstone College

Arts and Science

Audio/Visual Component



student debt, entrepreneurship, youth employment, economic growth

Capstone Prize Winner


Won Capstone Funding


Honors Categories

Social Sciences

Subject Categories

Behavioral Economics | Growth and Development


This paper discusses the topical issue of rising student debt and the effect it has on employment decisions, particularly entrepreneurship. This paper aims to analyze this relationship using labor economic theories on investing and saving, labor decisions and risk aversion. Additionally, it discusses the role of entrepreneurship on economic growth and globalization using both historical and present-day data gathered from the National Longitudinal Survey of Youth (1997—2011), The Kauffman Research Center, and the US Department of Education.

Creative Commons License

Creative Commons Attribution 3.0 License
This work is licensed under a Creative Commons Attribution 3.0 License.



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