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The Marriage Market, Labor Supply, and Education Choice

Chiappori, P-A; Dias, MC; Meghir, C; (2018) The Marriage Market, Labor Supply, and Education Choice. Journal of Political Economy , 126 (S1) S26-S72. 10.1086/698748. Green open access

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Abstract

We develop an equilibrium life cycle 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 on the basis of the economic value of marriage and 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 Household Panel Surve

Type: Article
Title: The Marriage Market, Labor Supply, and Education Choice
Open access status: An open access version is available from UCL Discovery
DOI: 10.1086/698748
Publisher version: https://doi.org/10.1086/698748
Language: English
Additional information: © 2018 by The University of Chicago. All rights reserved. This work is licensed under a Creative Commons AttributionNonCommercial 4.0 International License (https://creativecommons.org/licenses/by-nc/4.0/).
UCL classification: UCL
UCL > Provost and Vice Provost Offices
UCL > Provost and Vice Provost Offices > UCL SLASH
UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS
UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS > Dept of Economics
URI: https://discovery.ucl.ac.uk/id/eprint/10089198
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