<?xml version="1.0" encoding="UTF-8"?><?xml-stylesheet type="text/xsl" href="static/style.xsl"?><OAI-PMH xmlns="http://www.openarchives.org/OAI/2.0/" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.openarchives.org/OAI/2.0/ http://www.openarchives.org/OAI/2.0/OAI-PMH.xsd"><responseDate>2026-09-21T21:56:14Z</responseDate><request verb="GetRecord" identifier="oai:dspace.mit.edu:1721.1/126968" metadataPrefix="dim">https://dspace.mit.edu/server/oai/request</request><GetRecord><record><header><identifier>oai:dspace.mit.edu:1721.1/126968</identifier><datestamp>2023-03-13T15:38:50Z</datestamp><setSpec>com_1721.1_7582</setSpec><setSpec>com_1721.1_7581</setSpec><setSpec>col_1721.1_131023</setSpec></header><metadata><dim:dim xmlns:dim="http://www.dspace.org/xmlns/dspace/dim" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:doc="http://www.lyncode.com/xoai" xsi:schemaLocation="http://www.dspace.org/xmlns/dspace/dim http://www.dspace.org/schema/dim.xsd">
   <dim:field mdschema="dc" element="contributor" qualifier="advisor" lang="en_US">Jonathan Parker.</dim:field>
   <dim:field mdschema="dc" element="contributor" qualifier="author" lang="en_US">Kim, Olivia S.(Scientist in business management)Massachusetts Institute of Technology.</dim:field>
   <dim:field mdschema="dc" element="contributor" qualifier="other" lang="en_US">Sloan School of Management.</dim:field>
   <dim:field mdschema="dc" element="contributor" qualifier="department" lang="en_US">Sloan School of Management</dim:field>
   <dim:field mdschema="dc" element="date" qualifier="accessioned">2020-09-03T16:45:52Z</dim:field>
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   <dim:field mdschema="dc" element="date" qualifier="copyright" lang="en_US">2020</dim:field>
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   <dim:field mdschema="dc" element="identifier" qualifier="uri">https://hdl.handle.net/1721.1/126968</dim:field>
   <dim:field mdschema="dc" element="identifier" qualifier="oclc" lang="en_US">1191221681</dim:field>
   <dim:field mdschema="dc" element="description" lang="en_US">Thesis: S.M. in Management Research, Massachusetts Institute of Technology, Sloan School of Management, May, 2020</dim:field>
   <dim:field mdschema="dc" element="description" lang="en_US">Cataloged from the official PDF of thesis.</dim:field>
   <dim:field mdschema="dc" element="description" lang="en_US">Includes bibliographical references (pages 33-36).</dim:field>
   <dim:field mdschema="dc" element="description" qualifier="abstract" lang="en_US">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.</dim:field>
   <dim:field mdschema="dc" element="description" qualifier="statementofresponsibility" lang="en_US">by Olivia S. Kim.</dim:field>
   <dim:field mdschema="dc" element="description" qualifier="degree" lang="en_US">S.M. in Management Research</dim:field>
   <dim:field mdschema="dc" element="description" qualifier="collection" lang="en_US">S.M.inManagementResearch Massachusetts Institute of Technology, Sloan School of Management</dim:field>
   <dim:field mdschema="dc" element="format" qualifier="extent" lang="en_US">69 pages</dim:field>
   <dim:field mdschema="dc" element="language" qualifier="iso" lang="en_US">eng</dim:field>
   <dim:field mdschema="dc" element="publisher" lang="en_US">Massachusetts Institute of Technology</dim:field>
   <dim:field mdschema="dc" element="rights" lang="en_US">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.</dim:field>
   <dim:field mdschema="dc" element="rights" qualifier="uri" lang="en_US">http://dspace.mit.edu/handle/1721.1/7582</dim:field>
   <dim:field mdschema="dc" element="subject" lang="en_US">Sloan School of Management.</dim:field>
   <dim:field mdschema="dc" element="title" lang="en_US">The economic impact of education spending : evidence from self-employed households</dim:field>
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   	&lt;Title>The economic impact of education spending : evidence from self-employed households&lt;/Title>
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    &lt;Keyword>Sloan School of Management.&lt;/Keyword>
   	&lt;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.&lt;/Abstract>
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