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Technology and the Changing Family: A Unified Model of Marriage, Divorce, Educational Attainment, and Married Female Labor-Force Participation

Listed author(s):
  • Jeremy Greenwood
  • Nezih Guner
  • Georgi Kocharkov
  • Cezar Santos

Marriage has declined since 1960, with the drop being more significant for noncollege-educated individuals versus college-educated ones. Divorce has increased, more so for the noncollege-educated. Additionally, positive assortative mating has risen. Income inequality among households has also widened. A unified model of marriage, divorce, educational attainment, and married female labor-force participation is developed and estimated to fit the postwar US data. Two underlying driving forces are considered: technological progress in the household sector and shifts in the wage structure. The analysis emphasizes the joint role that educational attainment, married female labor-force participation, and marital structure play in determining income inequality. (JEL D13, D31, D83, I20, J12, J16, O33)

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Article provided by American Economic Association in its journal American Economic Journal: Macroeconomics.

Volume (Year): 8 (2016)
Issue (Month): 1 (January)
Pages: 1-41

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Handle: RePEc:aea:aejmac:v:8:y:2016:i:1:p:1-41
Note: DOI: 10.1257/mac.20130156
Contact details of provider: Web page: https://www.aeaweb.org/aej-macro
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