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The Marriage Market, Labor Supply and Education Choice

Listed author(s):
  • Monica Costa-Dias

    (Institute for Fiscal Studies)

We develop an equilibrium life-cycle 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 Household Panel Survey.

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File URL: https://economicdynamics.org/meetpapers/2016/paper_1285.pdf
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Paper provided by Society for Economic Dynamics in its series 2016 Meeting Papers with number 1285.

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Date of creation: 2016
Handle: RePEc:red:sed016:1285
Contact details of provider: Postal:
Society for Economic Dynamics Marina Azzimonti Department of Economics Stonybrook University 10 Nicolls Road Stonybrook NY 11790 USA

Web page: http://www.EconomicDynamics.org/
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