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数字金融Workshop： Scared Away: Credit Demand Response to Expected Motherhood Penalty in the Labor Market
发布日期：2023-10-13 12:00 来源：
时间：2023年10月13日周五 北京时间下午 2:00-3:30
Time: Friday 13 October 2023, 2-3:30 p.m. Beijing time
地点/Venue：北京大学国家发展研究院承泽园校区246教室
主讲人/Speaker: 钱文澜 Wenlan Qian (NUS)
主持人/Host：胡佳胤 Jiayin Hu
摘要/Abstract:
We exploit a policy reform that exogenously deteriorates mothers’ job prospects. China switched from a one-child policy to two-child in 2016, which increased female workers’ childbearing and caring responsibilities. Using a leading peer-to-peer lending platform targeting college students in China, we find that loan applications from female college students decrease by 15.6% relative to male students after the reform. The drop suggests that female students can anticipate the poorer future job prospects; they reduce their expenditure and invest less in human capital accordingly. Applications for long-term and large-amount loans and loans for human capital investment purposes experience the largest decline. We also find that loan applications decrease after provincial governments’ staggered extension of maternity leaves and that the decrease is more prominent when the expected motherhood penalty is greater. The results are unlikely driven by credit supply channels.
主讲人介绍/Biography:
Wenlan Qian is Professor of Finance and Real Estate and Ng Teng Fong Chair Professor in Real Estate at the NUS Business School, director of the Institute of Real Estate and Urban Studies at the National University of Singapore. She is fellow of the Asian Bureau of Finance and Economics Research, Luohan Academy at Alibaba Group, and the Homer Hoyt Weimer School of Advanced Studies in Real Estate and Land Economics. Currently, Wenlan Qian is editor of Real Estate Economics and associate editor of Financial Management.
Wenlan Qian's main research interests are household finance, real estate, digitization and FinTech, and financial intermediaries. Her research is accepted for publication at top academic journals such as American Economic Review, Journal of Financial Economics, Review of Financial Studies, Review of Economics and Statistics, American Economic Journal: Economic Policy, Management Science, Real Estate Economics, Journal of Financial and Quantitative Analysis, and Review of Finance. She is also the recipient of multiple prestigious external grants.
Wenlan Qian holds a PhD in Business Administration from the Haas School of Business, University of California, Berkeley.
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数字金融Workshop： Scared Away: Credit Demand Response to Expected Motherhood Penalty in the Labor Market
发布日期：2023-10-13 12:00 来源：
时间：2023年10月13日周五 北京时间下午 2:00-3:30
Time: Friday 13 October 2023, 2-3:30 p.m. Beijing time
地点/Venue：北京大学国家发展研究院承泽园校区246教室
主讲人/Speaker: 钱文澜 Wenlan Qian (NUS)
主持人/Host：胡佳胤 Jiayin Hu
摘要/Abstract:
We exploit a policy reform that exogenously deteriorates mothers’ job prospects. China switched from a one-child policy to two-child in 2016, which increased female workers’ childbearing and caring responsibilities. Using a leading peer-to-peer lending platform targeting college students in China, we find that loan applications from female college students decrease by 15.6% relative to male students after the reform. The drop suggests that female students can anticipate the poorer future job prospects; they reduce their expenditure and invest less in human capital accordingly. Applications for long-term and large-amount loans and loans for human capital investment purposes experience the largest decline. We also find that loan applications decrease after provincial governments’ staggered extension of maternity leaves and that the decrease is more prominent when the expected motherhood penalty is greater. The results are unlikely driven by credit supply channels.
主讲人介绍/Biography:
Wenlan Qian is Professor of Finance and Real Estate and Ng Teng Fong Chair Professor in Real Estate at the NUS Business School, director of the Institute of Real Estate and Urban Studies at the National University of Singapore. She is fellow of the Asian Bureau of Finance and Economics Research, Luohan Academy at Alibaba Group, and the Homer Hoyt Weimer School of Advanced Studies in Real Estate and Land Economics. Currently, Wenlan Qian is editor of Real Estate Economics and associate editor of Financial Management.
Wenlan Qian's main research interests are household finance, real estate, digitization and FinTech, and financial intermediaries. Her research is accepted for publication at top academic journals such as American Economic Review, Journal of Financial Economics, Review of Financial Studies, Review of Economics and Statistics, American Economic Journal: Economic Policy, Management Science, Real Estate Economics, Journal of Financial and Quantitative Analysis, and Review of Finance. She is also the recipient of multiple prestigious external grants.
Wenlan Qian holds a PhD in Business Administration from the Haas School of Business, University of California, Berkeley.
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