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" Economists actually disagree about whether there are significant economic returns from attending an elite college versus a less-selective one. "
Emily Oster
Economic
Economists
College
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" To put it mildly, I'm not crazy about the implication that pregnant women are incapable of deciding for themselves. "
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" I've always loved doing research. I remember doing a research project on the Babylonian numeral system in the eighth grade and thinking, 'This is pretty awesome - is this really a job you can have?' This led me toward a career as an academic, although it took me until college to realise that economics was the right field. "
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" Young women who live in areas with high maternal mortality change their behavior less in response to HIV than young women who live in areas with low maternal mortality. "
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" I tell my micro students everything I teach them is important, but the truth is that some things are more useful than others, and opportunity cost is near the top. "
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" No one likes doing chores. In happiness surveys, housework is ranked down there with commuting as activities that people enjoy the least. Maybe that's why figuring out who does which chores usually prompts, at best, tense discussion in a household and, at worst, outright fighting. "
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" Economics works great for planning your life when you don't have a work passion, since we tend to assume that your job delivers only money and you trade off job hours with leisure hours. If you think your job will just be a job, pick one that pays well per hour and leaves you some time off, even if the activity of the job is boring. "
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" I had always been told that you shouldn't clean the litter box when you're pregnant, because of your cat. And I think that is overblown - unless you have, like, three kittens in your house that are living outside and eating raw meat, this shouldn't really be a significant source of concern. "
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" Economists typically think that your happiness goes up as you get more money, but the more you have, the less each additional dollar matters. This means that you value money most in times when you have less income and more expenses. "
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" How much is an hour of your time worth? It's worth whatever wage you would get if you spent that hour working. If you work for an hourly rate, this is an easy calculation. Even if you work for a salary and a fixed number of hours, the principle is the same: It's whatever your salary works out to per hour. "
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Time
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" Good household decision-making often relies on thinking about your household like a firm. "
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" For many women - myself included - pregnancy brings on tremendous anxiety and confusion, along with the joy. "
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Anxiety
" If you have a traditional view of economics, you're probably thinking of Ben Bernanke making Fed policy, or the guys creating financial derivatives at Goldman Sachs. "
Emily Oster
You
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View
" Talking to women about birth can be polarizing. "
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About
Talking
Polarizing
" I travel a fair amount, read on the plane, and I read fast. "
Emily Oster
Plane
Fair
Fast
" One of the big take-aways from a lot of economic theory is that people should engage in consumption smoothing. "
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" If everyone is good at something different, assigning chores is easy. If your partner is great at grocery shopping and you are great at the laundry, you're set. But this isn't always - or even usually - the case. "
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" Almost every woman I have spoken to about pregnancy has a story about her doctor giving her a hard time about her weight. Later in my pregnancy it felt like all of my time with my doctor was focused on how fat I was getting - so fat! "
Emily Oster
Time
Woman
Giving
" I think women - relative to men - tend to feel that they have to do the household chores on top of everything else. This becomes even worse once you have kids. It's enough to have a full time job; a full time job plus a family is even more. "
Emily Oster
Think
Time
Men
" Even if you are planning a birth with an epidural, the evidence suggests that a doula can help make things go much more smoothly. "
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Help
Birth
Evidence
" All's fair in love and purchasing. "
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Love
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Purchasing
" When I meet people on airplanes and they find out I'm an economist, they usually ask about stock tips. "
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" Prenatal testing is a complicated decision for many women, forcing us to confront concerns about a disabled child and risks of miscarriage. "
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" Every time you have a carrot instead of a cookie, every time you go to the gym instead of going to the movies, that's a costly investment in your health. But how much you want to invest is going to depend on how much longer you expect to live in the future, even if you don't make those investments. "
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Movies
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" I am extremely devoted to Amazon Prime - which offers speedier free deliveries, free movie streaming and other benefits for an annual fee - but I don't think it is great for groceries. "
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" In short, humans are programmed to get bored. "
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" Lovingly crafted and super-creative cupcakes are not exactly on tap in my household after a full day at work, and I do not blame my mother for a second that they were not on tap in hers, either. "
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Second
Mother
" Nausea is a normal but unpleasant effect of pregnancy and a really good sign that it is going well. Women who experience nausea in early pregnancy are less likely to miscarry. "
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Normal
Early
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" Adhering to budgeting rules shouldn't trump good decision-making. "
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Trump
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" Because economics is all about optimising, doing the best you can with what you have - it's usually the first place you should look for answers if you want to maximise your happiness. "
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" The greatest moments are those when you see the result pop up in a graph or in your statistics analysis - that moment you realise you know something no one else does and you get the pleasure of thinking about how to tell them. "
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