This paper explores the role of marriage when markets are incomplete so that individuals cannot diversify their … love. Is love more important to a lasting marriage than economic compatibility? To answer this question, I develop a simple … model where rational individuals meet, enjoy the economic and non-pecuniary benefits of marriage (i.e. love), and then must …

In this model of education, where individuals are exposed both to educational risk and to wage risk within the skilled … enhancing the quality of education. The necessary expenditures are optimally financed by regressive tuition fees and the net …

positively skewed. Our best guess of ex ante risk in university education is a coefficient of variation of about 0.3, comparable …

inequality and marriage patterns at the county level in nineteenth-century Prussia. Formally the landed elite could have inuenced … not only the labor relations with the peasants but also their marriage decisions. Using cross-sectional as well as panel … analysis we find no evidence that noble landowners directly affected marriage rates. Instead we find a robust negative …

the marriage market after the war. Marriage data from the first wave of the Italian Household Longitudinal Survey (1997 … that men in post-war marriages were better off in terms of their spouse’s education, this gain amounting to about half a … year of education. By considering heterogeneity across provinces, we find that the effects were more pronounced in more …

. The quantity and quality are jointly set by a government agency wishing to maximize the quality of basic education per … stages of education: basic and advanced (college), the latter being required of teachers. The cost of hiring teachers is … workers, hence to the college premium. We show that this will exacerbate the negative trends in the quality of basic education …

linear labor tax rate and optimal linear education subsidies. The optimal income tax trades off social insurance against … incentives to work and to invest in human capital. Education subsidies are not used for social insurance, but are only targeted … at off-setting the distortions of the labor tax and internalizing a fiscal externality. Both optimal education subsidies …

children of better educated parents. -- Age at entry ; intergenerational transmission of education ; educational mobility …