Conference Agenda
Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
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Session Overview |
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FRI 3-1: Household Finance
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Scared Away: Credit Demand Response to Expected Motherhood Penalty in the Labor Market 1Hong Kong University of Science and Technology, Hong Kong S.A.R. (China); 2Chinese University of Hong Kong; 3Sun Yat-Sen University; 4TCL Corporate Research(HK) Co., Ltd; 5National University of Singapore In 2016, China shifted from a one-child policy to a two-child policy, increasing female workers’ childbearing responsibilities. Using data from a peer-to-peer lending platform, we find that post-reform loan applications from female college students decrease by 15.6% compared to male students. This decline is more pronounced for long-term large loans and those aimed at human capital investment. Applications drop further after staggered provincial maternity leave extensions and with higher expected motherhood penalties. Our results indicate that female students anticipate worse job prospects, leading to reduced borrowing and lower investment in human capital. Credit supply channels are unlikely driving the results.
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