Why Did Women Become More Educated?
During the 1960s, Nobel laureate Gary Becker (1930-2014) told us that the family was like a factory. Through a division of labor, with the husband paying for the kids and the wife caring for them, they nurtured future adults. One result in 1960 was that men and women from the same birth cohort had similar college graduation rates. Not any more. Whether we graduate from college can depend on our parents, marriage markets, and labor markets. According to a recent paper, parental background accounted for one-quarter of the growth in women’s college graduation rates. ….[READ]
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