Investment in Schooling and the Marriage Market | Zendy

PierreAndré Chiappori | Zendy; Murat Iyigun | Zendy; Yoram Weiss | Zendy

AI Assistant Blog Pricing

Home ZAIA Blog

Open Access

Investment in Schooling and the Marriage Market

Author(s) -

PierreAndré Chiappori,

Murat Iyigun,

Yoram Weiss

Publication year - 2009

Publication title -

american economic review

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 16.936

H-Index - 297

eISSN - 1944-7981

pISSN - 0002-8282

DOI - 10.1257/aer.99.5.1689

Subject(s) - economics , investment (military) , incentive , labour economics , marriage market , yield (engineering) , production (economics) , rate of return , demographic economics , market economy , microeconomics , materials science , finance , politics , political science , law , metallurgy

We present a model in which investment in schooling generates two kinds of returns: the labor-market return, resulting from higher wages, and a marriage-market return, defined as the impact of schooling on the marital surplus share one can extract. Men and women may have different incentives to invest in schooling because of different market wages or household roles. This asymmetry can yield a mixed equilibrium with some educated individuals marrying uneducated spouses. When the labor-market return to schooling rises, home production demands less time, and the traditional spousal labor division norms weaken, more women may invest in schooling than men. (JEL I21, J12, J24, J31)

The content you want is available to Zendy users.

Already have an account? Click here to sign in.

Having issues? You can contact us here

Accelerating Research