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1、Women’sCollegeDecisions:HowMuchDoesMarriageMatter?SuqinGe∗VirginiaPolytechnicInstituteandStateUniversityFebruary16,2007AbstractThispaperinvestigatesthesequentialcollegeattendancedecisionsofyoungwomenandquantifiestheimpactofmarriageexpectationsontheircol
2、legedecisions.Ady-namicchoicemodelofcollegeattendance,laborsupply,andmarriageisformulatedandstructurallyestimatedusingpaneldatafromtheNationalLongitudinalSurveyofYouth1979(NLSY79).Themodelisusedtosimulatetheeffectsofnomarriagebenefitsandfindsthatthepredic
3、tedcollegeattendanceratewoulddropfrom61%to56%.Usingtheestimatedmodel,IpredictthecollegeattendancebehaviorforayoungercohortfromtheNLSY97tovalidatethebehavioralmodel.JELclassification:J12,J22,I21Keywords:college,marriage,assortativemating,NLSY,women∗Iamgr
4、atefultoZviEcksteinforhisguidanceandsupport.IwouldalsoliketothankHanmingFang,ChrisFerral,ChristopherFlinn,TomHolmes,SusumuImai,LarryJones,MichaelKeane,SamKortum,DonghoonLee,AloysiusSiow,ChrisTaber,KenWolpin,DennisYang,andseminarparticipantsattheUnivers
5、ityofMinnesota,theFederalReserveBankofMinneapolis,VirginiaTech,SimonFraserUniversity,theUniversityofSouthCarolina,Queen’sUniversity,andtheUniversityofTorontoforvaluablecommentsanddiscussions.FinancialsupportfromHellerDissertationFellowshipisgratefullya
6、cknowledged.Allerrorsaremine.11IntroductionTheprimarymotivationforgoingtocollegeconsideredinexistingempiricalliteratureistheincreaseinearningspowerthatcollegeeducationprovides.However,thisliteraturehasignoredanotherpotentiallyimportantbenefitofcollege:c
7、ollegeimprovesmarriageopportu-nitiesbyprovidingasocialvenuetomeetpotentialspouses.Furthermore,acollege-educatedindividualissubstantiallymorelikelytohaveacollege-educatedspouse.Thus,theindivid-ualenjoyseducationalbalanceinthehouseholdandbenefitsfromtheea
8、rningspowerofthespouse.Whilethis“marriagebenefit”ofcollegesurelyappliestobothsexes,itislikelytobeparticularlyimportantforwomensincemarriedmenonaveragehavehigherlaborforceparticipationratesandhigherincomesthanmarriedwomen.Ifmarriagebenefit
