{"id":{"repo_id":"mit","oai_identifier":"oai:dspace.mit.edu:1721.1/126968"},"canonical_url":"https://search.dev.ndltd.org/etd/mit/oai:dspace.mit.edu:1721.1/126968","repository":{"repo_id":"mit","name":"MIT","base_url":"https://dspace.mit.edu/oai/request"},"display":{"title":"The economic impact of education spending : evidence from self-employed households","abstract":"I examine the consumption and labor decisions of self-employed households when a child goes to college using unique financial transactions data from the linked accounts of small businesses and their owners. Households respond to the increase in education spending by downsizing business production and exiting self-employment. They increase medical and restaurant expenditures and cut back on mortgage payments. 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