The economic impact of education spending : evidence from self-employed households
Name
1191221681-MIT.pdf
Size
676.96 KB
Format
Adobe PDF
Checksum (MD5)
e62e4abc081d17bdbe07140eec1010ee
Author(s)
Kim, Olivia S.(Scientist in business management)Massachusetts Institute of Technology.
Advisor(s)
Jonathan Parker.
Date Issued
2020
Publisher
Massachusetts Institute of Technology
Abstract
I examine the consumption and labor decisions of self-employed households when a child goes to college using unique financial transactions data from the linked accounts of small businesses and their owners. Households respond to the increase in education spending by downsizing business production and exiting self-employment. They increase medical and restaurant expenditures and cut back on mortgage payments. While education spending hampers business survival, self-employed parents become wage-earners or enter the gig economy after exiting to meet the financial obligations of sending kids to college.
Description
Thesis: S.M. in Management Research, Massachusetts Institute of Technology, Sloan School of Management, May, 2020
Cataloged from the official PDF of thesis.
Includes bibliographical references (pages 33-36).
Subjects
Sloan School of Management.
MIT Department
Sloan School of Management
Terms of Use
MIT theses may be protected by copyright. Please reuse MIT thesis content according to the MIT Libraries Permissions Policy, which is available through the URL provided.
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