marriage does not appear to translate into economic protection. …

We develop a novel framework to analyze the structural implications of the marriage market for household consumption …. We define a revealed preference characterization of efficient household consumption when the marriage is stable …. Stability means that the marriage matching is individually rational and has no blocking pairs. We characterize stable marriage …

education, labour supply, and consumption/saving decisions. Altruistic parents make inter vivos transfers to their children … of funding for college education. We find that the current financial aid system in the U.S. improves welfare, and …