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Author: Wang, Hui
Resulting in 2 citations.
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Wang, Hui |
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Essays on Household and Corporate Finance Ph.D. Dissertation, Department of Finance, The University of Texas at Dallas, 2020 Cohort(s): NLSY79 Publisher: ProQuest Dissertations & Theses (PQDT) Keyword(s): Assets; Debt/Borrowing; Geocoded Data; Home Ownership; Household Models; Human Capital; Training Permission to reprint the abstract has not been received from the publisher. The first essay is "Household Financial Leverage and Human Capital Investment." In this study, I find that household leverage has a hump-shaped effect on individual's incentive to invest in human capital. Using the comprehensive information from the National Longitudinal Survey of Youth, I identify human capital investment decision based on whether an individual requests and participates in on-career skill acquisition training, and estimate household leverage based on the detailed debt and asset information. To strengthen causal inferences, I construct an instrumental variable based on changes in household's mortgage burden relative to home value resulting from plausibly exogenous housing price fluctuations across regions and over time. Overall, this study highlights the effect of household leverage on human capital investment, which provides valuable implications for decisions of both individuals and macro policymakers. |
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Bibliography Citation
Wang, Hui. Essays on Household and Corporate Finance. Ph.D. Dissertation, Department of Finance, The University of Texas at Dallas, 2020. |
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Wang, Hui |
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Three Essays on Fertility, Labor Market Performance, and Parental Mental Health Ph.D. Dissertation, Department of Economics, Michigan State University, 2016 Cohort(s): NLSY79 Publisher: ProQuest Dissertations & Theses (PQDT) Keyword(s): Displaced Workers; Fertility; Gender Differences Permission to reprint the abstract has not been received from the publisher. Using micro data from National Longitudinal Survey of Youth 1979, Chapter Two studies the effect of job displacements on fertility in the U.S. After controlling individual time-invariant heterogeneity, the main regression results indicate that displacements of men will lead to reduced fertility in the following years, while the effect of displacements for women depends on the women's education levels. For women without college education, their fertility will increase four years after displacement. For women with college education, however, no significant effect on fertility is identified. The empirical findings are robust to several different specifications, including time trend model, fixed effect propensity score matching and regression with narrower definition of job displacement. |
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Bibliography Citation
Wang, Hui. Three Essays on Fertility, Labor Market Performance, and Parental Mental Health. Ph.D. Dissertation, Department of Economics, Michigan State University, 2016. |