UZH-Logo

Maintenance Infos

Women's emancipation through education: A macroeconomic analysis


Guvenen, Fatih; Rendall, Michelle (2015). Women's emancipation through education: A macroeconomic analysis. Review of Economic Dynamics, 18(4):931-956.

Abstract

We study the role of education as insurance against a bad marriage in light of changing divorce laws during the 1970s. We build and estimate an equilibrium search model with education, marriage/divorce/remarriage, and household labor supply decisions. A key feature of the model is that women bear a larger share of the divorce burden, mainly because they are more closely tied to their children relative to men. Our focus on education is motivated by the fact that divorce laws typically allow spouses to keep the future returns from their human capital upon divorce (unlike their physical assets), making education a good insurance in divorce. In the model, women overtake men in college attainment during the 1990s, a feature of the data that has proved challenging to explain. Our counterfactual experiments indicate that the divorce law reform of the 1970s played an important role in these trends, explaining more than one-quarter of college attainment rate of women post-1970s and one-half of the rise in labor supply for married women. Further, results suggest a higher insurance value of education in divorce than marriage market signaling benefits of education especially for women post divorce reform.

We study the role of education as insurance against a bad marriage in light of changing divorce laws during the 1970s. We build and estimate an equilibrium search model with education, marriage/divorce/remarriage, and household labor supply decisions. A key feature of the model is that women bear a larger share of the divorce burden, mainly because they are more closely tied to their children relative to men. Our focus on education is motivated by the fact that divorce laws typically allow spouses to keep the future returns from their human capital upon divorce (unlike their physical assets), making education a good insurance in divorce. In the model, women overtake men in college attainment during the 1990s, a feature of the data that has proved challenging to explain. Our counterfactual experiments indicate that the divorce law reform of the 1970s played an important role in these trends, explaining more than one-quarter of college attainment rate of women post-1970s and one-half of the rise in labor supply for married women. Further, results suggest a higher insurance value of education in divorce than marriage market signaling benefits of education especially for women post divorce reform.

Altmetrics

Downloads

17 downloads since deposited on 05 Feb 2015
10 downloads since 12 months
Detailed statistics

Additional indexing

Item Type:Journal Article, refereed, original work
Communities & Collections:03 Faculty of Economics > Department of Economics
Dewey Decimal Classification:330 Economics
Uncontrolled Keywords:JEL classification: D13, E24, J12
Language:English
Date:2015
Deposited On:05 Feb 2015 09:52
Last Modified:05 Apr 2016 19:05
Publisher:Elsevier
ISSN:1094-2025
Publisher DOI:https://doi.org/10.1016/j.red.2014.11.004
Permanent URL: https://doi.org/10.5167/uzh-108613

Download

[img]
Preview
Content: Accepted Version
Filetype: PDF
Size: 1MB
View at publisher

TrendTerms

TrendTerms displays relevant terms of the abstract of this publication and related documents on a map. The terms and their relations were extracted from ZORA using word statistics. Their timelines are taken from ZORA as well. The bubble size of a term is proportional to the number of documents where the term occurs. Red, orange, yellow and green colors are used for terms that occur in the current document; red indicates high interlinkedness of a term with other terms, orange, yellow and green decreasing interlinkedness. Blue is used for terms that have a relation with the terms in this document, but occur in other documents.
You can navigate and zoom the map. Mouse-hovering a term displays its timeline, clicking it yields the associated documents.

Author Collaborations