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How do economists tackle the problems of the economic system and give advice on public policy? Nobel laureate R.H. Coase reflects on some of the most fundamental concerns of economists over the past two centuries. In 15 essays, Coase explore the history and philosophy of economics and evaluates the contributions of a number of outstanding figures.
This volume is a compilation of essays by prominent economists in the area of household and family economics. The volume attempts to cover some areas in the field and focuses on topics such as income determination and the intergenerational transmission of income generation, the changing role of women in the labor force, fertility, and income tax treatment of the family. Each essay is followed by a discussion of part, or all, of its contents.
The final chapter uses cohort analysis to investigate the stagnation of the gender wage gap during the 1990s. We find that understanding cohort dynamics is crucial to understanding changes in the wage gap. In particular, changes in point in lifecycle cohort replacement explain much of the increases in women's wages related to changes in observed characteristics and to changes in selection into employment.
Using the National Longitudinal Survey of Youth data, my dissertation investigates several key issues in family economics. The first chapter studies the role of family relocation on children's schooling and youth behavior problems. By exploiting the variation in sibling's age at the time of family relocation, we find no detectable negative effects of family relocation on various children's outcomes. We extend our discussion to the context of school mobility and child outcomes. In the second chapter, we use individual school change history from the NLSY 97 and control for sibling fixed effects to estimate how the variation in children's age at school change would affect a set of outcome variables. We find school change made at age 16-18 would significantly reduce children's education achievement by age 20 and increase their possibility for repeating grade in school. In the third chapter, we examine the impact of family size on maternal health outcomes by exploiting the exogenous change in family size using contraceptive failure as instrument variable. This result indicates that mothers' mental health at age 40 is negatively affected by having additional child while their physical health stays intact.