I build an equilibrium investment-and-marriage model to explain stylized facts about education, income, and marriage … theoretical explanation for why women attend college at a higher rate and earn a lower average income than men. Differential …-specific relationships between age at marriage and income, as well as the evolving relationship between age at marriage and spousal income …

-shaped consumption age profiles. The main driver behind lifecycle consumption variations are lifecycle income changes, which display … similar flattening. Employing a lifecycle model we show changes in income are sufficient to match the movements in consumption …