Chiappori, Pierre-Andre
[Verfasser:in]
;
Costa Dias, Monica
[Sonstige Person, Familie und Körperschaft];
Meghir, Costas
[Sonstige Person, Familie und Körperschaft]
The Marriage Market, Labor Supply and Education Choice
Erschienen in:Cowles Foundation Discussion Paper ; No. 1994R
Umfang:
1 Online-Ressource (89 p)
Sprache:
Englisch
DOI:
10.2139/ssrn.2811818
Identifikator:
Entstehung:
Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments July 18, 2016 erstellt
Beschreibung:
We develop an equilibrium lifecycle model of education, marriage and labor supply and consumption in a transferable utility context. Individuals start by choosing their investments in education anticipating returns in the marriage market and the labor market. They then match based on the economic value of marriage and on preferences. Equilibrium in the marriage market determines intrahousehold allocation of resources. Following marriage households (married or single) save, supply labor and consume private and public commodities under uncertainty. Marriage thus has the dual role of providing public goods and offering risk sharing. The model is estimated using the British HPS