Olatz Roman JMP: "Children, Household Specialization and Relationship Quality" Website: olatzroman.github.io

If students tell me they want to get a PhD, I will support them and write them a letter. But I also tell them, because no one told me at age 21-22: -- You will spend your twenties making poverty wages while your peers start getting salaries, raises, bonuses, etc.; -- You may well get into credit card debt paying your bills as a result, especially if you are doing grad school in an expensive city; -- If you get a faculty job, your salary will likely not be much more than what some of your peers got upon graduating undergrad; -- You may well be 10 years behind your peers financially, which may not seem important at age 22 but it will be at age 32 I get that people say "but it's not about the money, it's about passion!" I thought that too. But this stuff matters a ton and students need to be aware of it.