The Marriage Market, Labor Supply and Education Choice

Pierre-André Chiappori, Monica Costa Dias and Costas Meghir
Additional contact information
Pierre-André Chiappori: Columbia University

No 2016-028, Working Papers from Human Capital and Economic Opportunity Working Group

Abstract: We develop an equilibrium lifecycle model of education, marriage, 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.

Keywords: equilibrium; marriage market; matching; intrahousehold resource allocation; risk sharing (search for similar items in EconPapers)
JEL-codes: C78 D13 D58 D81 I00 (search for similar items in EconPapers)
Date: 2016-11
New Economics Papers: this item is included in nep-ltv and nep-upt
Note: FI
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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http://humcap.uchicago.edu/RePEc/hka/wpaper/Chiapp ... ket-labor-supply.pdf First version, November 21, 2016 (application/pdf)

Related works:
Journal Article: The Marriage Market, Labor Supply, and Education Choice (2018)
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)
Working Paper: The Marriage Market, Labor Supply and Education Choice (2015)
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