Department of Economics
350 Victoria Street
Toronto, ON M5B 2K3
Institutional Affiliation: Ryerson University
NBER Working Papers and Publications
|May 2017||The Impact of Student Debt on Education, Career, and Marriage Choices of Female Lawyers|
with : w23453
We develop and estimate a dynamic model to study the impact of student debt on education, career, and marriage market choices of young female lawyers. Our model accounts for several important institutional features of the labor market for lawyers, including differences in the work hours across occupational tracks and learning about the prospects of promotion to partner. Some female students need to take on large amounts of student debt to finance their education and hence start their careers with large amounts of negative wealth. The empirical findings suggest that student debt has negative effects on marriage prospects, career prospects, and investments in educational quality of female lawyers. The analysis also provides new insights into the design of public policies that aim to incre...
Published: Holger Sieg & Yu Wang, 2017. "The impact of student debt on education, career, and marriage choices of female lawyers," European Economic Review, .