Chiappori, Pierre-André; Iyigun, Murat; Weiss, Yoram - In: American Economic Review 99 (2009) 5, pp. 1689-1713
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...