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Author: Spivey, Christy
Resulting in 4 citations.
1. Spivey, Christy
Desperation or Desire? The Role of Risk Aversion in Marriage
Presented: New York, NY, Population Association of America Annual Meetings, March 29-31, 2007.
Also: http://paa2007.princeton.edu/abstractViewer.aspx?submissionid=71472
Cohort(s): NLSY79
Publisher: Population Association of America
Keyword(s): Age at First Marriage; Family Income; Gender Differences; Marriage; Modeling, Hazard/Event History/Survival/Duration; Risk-Taking; Siblings

Permission to reprint the abstract has not been received from the publisher.

The effect of an individual's risk aversion on time to marriage is examined using survival analysis. The financial risk aversion measure is based on a series of hypothetical gambles over family income that were offered to respondents of the National Longitudinal Survey of Youth 1979. A search model predicts that the more risk averse the individual, the shorter the time to first marriage. The estimates support the theory, indicating that risk aversion significantly affects time to marriage, with more risk averse respondents marrying sooner than their more risk loving counterparts. Within-family analyses using sibling data reveal a similar pattern. In addition, the effect of risk aversion on time to marriage is larger in magnitude and more statistically significant for men. One possible explanation for the different results between the sexes is that women value risk aversion as a desirable trait in potential mates.
Bibliography Citation
Spivey, Christy. "Desperation or Desire? The Role of Risk Aversion in Marriage." Presented: New York, NY, Population Association of America Annual Meetings, March 29-31, 2007.
2. Spivey, Christy
Desperation or Desire? The Role of Risk Aversion in Marriage
Economic Inquiry 48,2 (April 2010): 499-516.
Also: http://onlinelibrary.wiley.com/doi/10.1111/j.1465-7295.2008.00181.x/full
Cohort(s): NLSY79
Publisher: Wiley Online
Keyword(s): Age at First Marriage; Family Income; Gender Differences; Marriage; Modeling, Hazard/Event History/Survival/Duration; Risk-Taking; Siblings

Permission to reprint the abstract has not been received from the publisher.

Because of the uncertainty inherent in searching for a spouse and the uncertainty of the future quality and state of the marriage itself, risk attitudes likely directly impact the timing of marriage. The effect of an individual’s risk aversion, measured via a series of hypothetical gambles over income on time to marriage, is examined using survival analysis. I find risk aversion significantly affects time to marriage, with more risk averse respondents marrying sooner than their more risk-loving counterparts. Within-family analyses using sibling data reveal a similar pattern. In addition, the effect of risk aversion on time to marriage is larger in magnitude and more statistically significant for men. One possible explanation for the different results between the sexes is that women value risk aversion as a desirable trait in potential mates.
Bibliography Citation
Spivey, Christy. "Desperation or Desire? The Role of Risk Aversion in Marriage." Economic Inquiry 48,2 (April 2010): 499-516.
3. Spivey, Christy
Marriage, Career, and the City: Three Essays in Applied Microeconomics
Ph.D. Dissertation, The University of Texas at Austin, 2006. DAI-A 67/12, p. 4646, Jun 2007
Cohort(s): NLSY79
Publisher: ProQuest Dissertations & Theses (PQDT)
Keyword(s): Career Patterns; Family Income; Gender Differences; Human Capital; Labor Economics; Marriage; Unemployment Duration; Wage Gap; Wages

Permission to reprint the abstract has not been received from the publisher.

This dissertation is comprised if three essays in Applied Microeconomics. The first essay examines the effect of an individual's risk aversion on time to marriage. The financial risk aversion measure is based on a series of hypothetical gambles over family income that were offered to respondents of the National Longitudinal Survey of Youth 1979. The estimates support a theoretic model of search, indicating that more risk averse respondents marry sooner than their more risk loving counterparts. In addition, the effect of risk aversion on time to marriage is larger in magnitude and more statistically significant for men. One possible explanation for the different results between the sexes is that women value risk aversion as a desirable trait in potential mates.

The second essay explores how nonemployment spells and career expectations affect wages. Wages are affected by total nonemployment time, by recent work interruptions, and by some past interruptions. Interruptions affect women's wages further into the future compared to men, but the wage loss associated with any given interruption is less severe for women. One potential reason for the gender differences is that men are more likely to take time off from working for reasons that are negatively related to their productivity. Future career interruptions, which workers presumably anticipate in many cases, affect current investment in human capital to some degree for both sexes. A very small fraction of the gender wage gap is attributable solely to timing of experience.

The third essay examines the current viability of the basic predictions of the Mills-Muth monocentric model of city structure. One previous study uses a cross-section of cities to test the comparative statics predictions, namely that city area is increasing in population and income but decreasing in agricultural land value and commuting costs. While it finds support for the predictions, the data used are from 1970, and there has been a growing consensus that the monocentric model is no longer useful. Despite the increasing polycentricity of cities, there is evidence that the Mills-Muth comparative statics predictions hold for modern cities. Also, densely populated cities are more likely to have subcenters.

Bibliography Citation
Spivey, Christy. Marriage, Career, and the City: Three Essays in Applied Microeconomics. Ph.D. Dissertation, The University of Texas at Austin, 2006. DAI-A 67/12, p. 4646, Jun 2007.
4. Spivey, Christy
Time Off at What Price? The Effects of Career Interruptions on Earnings
Industrial and Labor Relations Review 59,1 (October 2005): 119-140.
Also: http://www.jstor.org/stable/25063018
Cohort(s): NLSY79
Publisher: New York State School of Industrial and Labor Relations, Cornell University
Keyword(s): Human Capital; Labor Economics; Unemployment Duration; Wage Effects; Wages

Using the National Longitudinal Survey of Youth 1979, the author explores how nonemployment spells and career expectations affected men's and women's wages. Wage profiles were affected by total nonemployment time, by recent work interruptions, and by some past interruptions. Statistically significant interruptions were more numerous for women than men, but the wage loss associated with any given interruption was less severe for women. Future career interruptions, which workers presumably anticipate in many cases, affected current investment in human capital to some degree for both sexes. The wage effects of the timing of experience (defined by the fraction of weeks worked, by specific years) correspond closely to the wage effects of interruptions (calendar years without work): when the analysis accounts for the former, little additional penalty is found to have been associated with the latter. A very small fraction of the gender wage gap was attributable solely to timing of experience. [ABSTRACT FROM AUTHOR]
Bibliography Citation
Spivey, Christy. "Time Off at What Price? The Effects of Career Interruptions on Earnings." Industrial and Labor Relations Review 59,1 (October 2005): 119-140.