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frictionless marriage market. One of our key empirical findings is that there is a very strong preference for within-caste marriage … persistent feature of the Indian marriage market. …
Persistent link: https://www.econbiz.de/10005052154
In this paper we develop and estimate a factor model of the earnings, labor supply, and wages of young men and young women, their parents and their siblings. We estimate the model using data on matched sibling and parent-child pairs from the National Longitudinal Survey of Labor Market...
Persistent link: https://www.econbiz.de/10005830141
shocks such as marriage, divorce, and children. Our model generates a wealth profile and a low and stable equity fraction …
Persistent link: https://www.econbiz.de/10010951303
We develop an equilibrium lifecycle model of education, marriage and labor supply and consumption in a transferable … utility context. Individuals start by choosing their investments in education anticipating returns in the marriage market and … the labor market. They then match based on the economic value of marriage and on preferences. Equilibrium in the marriage …
Persistent link: https://www.econbiz.de/10011252666
Women born in 1935 went to college significantly less than their male counterparts and married women's labor force participation (LFP) averaged 40% between the ages of thirty and forty. The cohort born twenty years later behaved very differently. The education gender gap was eliminated and...
Persistent link: https://www.econbiz.de/10009325524
Marriage has declined since 1960, with the drop being bigger for non-college educated individuals versus college …. A unified model of marriage, divorce, educational attainment and married female labor-force participation is developed …
Persistent link: https://www.econbiz.de/10009401245
Routine - maintaining the same schedule from day to day - saves time. It is also boring and inherently undesirable. As such, the amount of routine a person engages in is partly an economic outcome, with variations in routine generated by variations in the price of time, household income and the...
Persistent link: https://www.econbiz.de/10005718651
The empirical labor supply literature includes some simple aggregate studies, and some individual-level studies explicitly accounting for heterogeneity and the discrete choice, but sometimes leaving open the ultimately aggregate questions that motivated the study. As a middle ground, we...
Persistent link: https://www.econbiz.de/10005720687
, (ii) an increase in the rate of divorce, and (iii) a decline in the rate of marriage. What can explain this? It is argued … marriage and divorce is developed. Household production benefits from labor-saving technological progress. …
Persistent link: https://www.econbiz.de/10005088909
Has there been an increase in positive assortative mating? Does assortative mating contribute to household income inequality? Data from the United States Census Bureau suggests there has been a rise in assortative mating. Additionally, assortative mating affects household income inequality. In...
Persistent link: https://www.econbiz.de/10010821896