The Marriage Market, Labor Supply and Education Choice

Pierre Chiappori, Monica Costa Dias and Costas Meghir

No 21004, NBER Working Papers from National Bureau of Economic Research, Inc

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 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.

JEL-codes: H31 J12 J16 J22 J24 (search for similar items in EconPapers)
Date: 2015-04
New Economics Papers: this item is included in nep-lma and nep-ltv
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Published as Pierre-André Chiappori & Monica Costa Dias & Costas Meghir, 2018. "The Marriage Market, Labor Supply, and Education Choice," Journal of Political Economy, vol 126(S1), pages S26-S72.

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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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