; first-time home-buyers ; marriage ; income risk …

– transfers from the groom to the bride’s parents at marriage. We develop a simple model in which households are exposed to income …

We develop an equilibrium lifecycle 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 …

estimate a life-cycle model of marriage, labor supply and divorce under limited commitment to better understand the mechanisms …

be interpreted through a structural model of the marriage market; in particular, a crucial issue is how they relate to … variations in the economic surplus generated by marriage. We propose a very general criterion of increase in assortativeness, and … US over the last decades, and conclude that assortative matching has increased, particularly at the top of the education …

expected, students who perceive the monetary returns to education to be higher are more likely to intend to continue in full …-time education. However, the main driver is the perceived consumption value, which alone explains around half of the variation of the … intention to pursue higher education. Moreover, the perceived consumption value can account for a substantial part of both the …

The paper estimates the returns to education for a cohort of individuals born in Britain in March 1958 who have been … education, social class and interest shown in the child's education as well as measures of ability. The nature of our data … from measurement error in education qualification variables which have been found to be important in other studies. The …

participation. We build an overlapping generations life cycle model with education, labor supply, and consumption/saving decisions …. Cognitive and non-cognitive skills of children depend on the cognitive skills and education of parents, and affect education … be used to fund education, supplementing grants, loans and the labor supply of the children themselves during college …

participation. We build an overlapping generations life-cycle, heterogeneous-agent, incomplete-markets model with education, labor … education. We find that the current financial aid system in the U.S. improves welfare, and removing it would reduce GDP by 4 …