{"title":"Should I Go to Graduate School? The Role of Preference for Children and Human Capital Accumulation","authors":"Sebastien Buttet, Alice Schoonbroodt","doi":"10.1086/719730","DOIUrl":null,"url":null,"abstract":"We propose a selection mechanism with preference heterogeneity to study the impact of children on women’s decision to attend graduate school. We show that the net return to education decreases with women’s preferences for children and that only women with preferences below a certain threshold find it optimal to go to graduate school. We embed the selection mechanism into a dynamic life-cycle model of schooling, fertility, and labor force participation decisions and find that changes in returns to experience are quantitatively relevant to account for the observed changes in behavior of women born in 1945 or 1965.","PeriodicalId":46011,"journal":{"name":"Journal of Human Capital","volume":"16 1","pages":"333 - 371"},"PeriodicalIF":0.8000,"publicationDate":"2022-03-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Human Capital","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1086/719730","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 1
Abstract
We propose a selection mechanism with preference heterogeneity to study the impact of children on women’s decision to attend graduate school. We show that the net return to education decreases with women’s preferences for children and that only women with preferences below a certain threshold find it optimal to go to graduate school. We embed the selection mechanism into a dynamic life-cycle model of schooling, fertility, and labor force participation decisions and find that changes in returns to experience are quantitatively relevant to account for the observed changes in behavior of women born in 1945 or 1965.
期刊介绍：
Journal of Human Capital is dedicated to human capital and its expanding economic and social roles in the knowledge economy. Developed in response to the central role human capital plays in determining the production, allocation, and distribution of economic resources and in supporting long-term economic growth, JHC is a forum for theoretical and empirical work on human capital—broadly defined to include education, health, entrepreneurship, and intellectual and social capital—and related public policy analyses. JHC encompasses microeconomic, macroeconomic, and international economic perspectives on the theme of human capital. The journal offers a platform for discussion of topics ranging from education, labor, health, and family economics.
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