The marriage market, labor supply and education choice

Pierre-André Chiappori, Monica Costa Dias and Costas Meghir

No 14/15, CeMMAP working papers from Institute for Fiscal Studies

Abstract: 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 intra-household allocation of resources. Following marriage households (married or single) save, supply labor and consume private and public under uncertainty. Marriage thus has the dual role of providing public goods and offering risk sharing. The model is estimated using the British HPS.

Date: 2015-03-27
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https://www.cemmap.ac.uk/wp-content/uploads/2020/08/CWP1415.pdf (application/pdf)

Related works:
Working Paper: The Marriage Market, Labor Supply and Education Choice (2016)
Working Paper: The Marriage Market, Labor Supply and Education Choice (2016)
Working Paper: The marriage market, labour supply and education choice (2016)
Working Paper: The Marriage Market, Labor Supply and Education Choice (2016)
Working Paper: The Marriage Market, Labor Supply and Education Choice (2015)
Working Paper: The marriage market, labor supply and education choice (2015)
Working Paper: The Marriage Market, Labor Supply and Education Choice (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:azt:cemmap:14/15

DOI: 10.1920/wp.cem.2015.1415

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