Hamermesh, Daniel; Meng, Xin; Zhang, Junsen
Combining labor-market information, appraisals of respondents' beauty, and household expenditures allows us to examine within a unified framework the relative magnitudes of investment and consumption components in one activity, women's spending on beauty-enhancing goods and services. We find that beauty raises women's earnings adjusted for a wide range of controls. Additional spending on clothing and cosmetics has a generally positive marginal impact on a woman's perceived beauty. The relative...[Show more]
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