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Title: The Effect of Tangible Assets and Human Capital on the Economic Well-Being of Women After Marital Disruption
Resulting in 1 citation.
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Cho, Yin-Nei |
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The Effect of Tangible Assets and Human Capital on the Economic Well-Being of Women After Marital Disruption Ph.D. Dissertation, Washington University, 2001. DAI-A 62/12, p. 4331, Jun 2002 Cohort(s): NLSY79 Publisher: UMI - University Microfilms, Bell and Howell Information and Learning Keyword(s): Economic Well-Being; Endogeneity; Family Income; Family Studies; Human Capital; Marital Disruption; Modeling, Fixed Effects; Women's Studies Research on the post-disruption economic well-being of women often emphasizes the role of human capital. Asset theories suggest that ownership of tangible assets should affect the economic well-being of women after disruption, but the role of tangible assets has been ignored in the empirical literature. This raises the possible issue of omitted variable bias. This research examines the consequence of omitting tangible asset variables by incorporating tangible asset variables, in conjunction with human capital variables, into a study of the economic well-being of women one year after marital disruption. Tangible asset variables include financial assets, home equity, business or real property, and motor vehicle. Endogenous switching regressions and censored regression are used to analyze the sample of 443 women, who were first divorced or separated in 1985 through 1989, from the National Longitudinal Surveys of Youth. The sample includes 346 women who remained single and 97 women who remarried or cohabited after disruption. Results show that coefficients of human capital variables, for both single and remarried/cohabited women, are consistently higher in models excluding tangible asset variables than in models including tangible asset variables. This confirms the omitted variable bias hypothesis. Specifically, financial assets and vehicle ownership increased both family income and per capita family income for both single and remarried/cohabited women after disruption. Financial assets and vehicle ownership appear to have affected incomes by increasing work hours. Consistent with prior research, however, human capital remains a significant factor of post-disruption incomes of women. Education and work experience increased family income and per capita family income of single women and per capita family income of remarried/cohabited women. Implications for research and policy, including the inclusion of tangible asset variables in similar research and employing tangible asset building as an anti-poverty strategy, are discussed. |
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Bibliography Citation
Cho, Yin-Nei. The Effect of Tangible Assets and Human Capital on the Economic Well-Being of Women After Marital Disruption. Ph.D. Dissertation, Washington University, 2001. DAI-A 62/12, p. 4331, Jun 2002. |