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Education, Matching, and the Allocative Value of Romance

Alison Booth () and Melvyn Coles

Journal of the European Economic Association, 2010, vol. 8, issue 4, 744-775

Abstract: Societies are characterized by customs governing the allocation of non-market goods such as marital partnerships. We explore how such customs affect the educational investment decisions of young singles and the subsequent joint labor supply decisions of partnered couples. We consider two separate matching paradigms-one where partners marry for money and the other where partners marry for romantic reasons orthogonal to productivity or debt. Whereas marrying for money generates greater investment efficiency, romantic matching, by increasing the number of educated and talented women who participate in the labour market, increases aggregate productivity. (JEL: I21, J12, J16, J41) (c) 2010 by the European Economic Association.

JEL-codes: I21 J12 J16 J41 (search for similar items in EconPapers)
Date: 2010
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Journal Article: Education, Matching, and the Allocative Value of Romance (2010) Downloads
Working Paper: Education, Matching and the Allocative Value of Romance (2005) Downloads
Working Paper: Education, Matching and the Allocative Value of Romance (2005) Downloads
Working Paper: Education, Matching and the Allocative Value of Romance (2005) Downloads
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Journal of the European Economic Association is currently edited by Xavier Vives, George-Marios Angeletos, Orazio P. Attanasio, Fabio Canova and Roberto Perotti

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