TY - JOUR
T1 - Investment in schooling and the marriage market
AU - Chiappori, Pierre André
AU - Iyigun, Murat
AU - Weiss, Yoram
PY - 2009/12
Y1 - 2009/12
N2 - We present a model in which investment in schooling generates two kinds of returns: the labor-market return, resulting from higher wages, and a marriagemarket 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).
AB - We present a model in which investment in schooling generates two kinds of returns: the labor-market return, resulting from higher wages, and a marriagemarket 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).
UR - http://www.scopus.com/inward/record.url?scp=72449187906&partnerID=8YFLogxK
U2 - 10.1257/aer.99.5.1689
DO - 10.1257/aer.99.5.1689
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AN - SCOPUS:72449187906
SN - 0002-8282
VL - 99
SP - 1689
EP - 1713
JO - American Economic Review
JF - American Economic Review
IS - 5
ER -