Common preference models of family behavior imply income pooling, a restriction on family demand functions such that only the sum of husband's income and wife's income affects the allocation of goods and time. Testing the pooling hypothesis is difficult because most family income sources are not...

Using Gourman's academic rating of colleges, we attempt to determine the extent to which returns to higher education (for a sample of 5,000) are due to quality of institution, after standardizing for various sociodemographic, background, and mental ability characteristics. Earnings of...