In this paper, we study the role of education as insurance against a bad marriage. Historically, due to disparities in … had to suffer one of two fates in a bad marriage: either they get divorced (assuming it is available) and struggle as low …-income single mothers, or they remain trapped in the marriage. In both cases, education can provide a route to emancipation for …

Household decisions are profoundly shaped by a complex set of financial options due to Social Security rules … claimed. These rules influence optimal household asset allocation, insurance, and work decisions, given life cycle demographic … shocks such as marriage, divorce, and children. Our model generates a wealth profile and a low and stable equity fraction …

A growing literature offers indirect evidence that the distribution of bargaining power within a household influences … decisions made by the household. The indirect evidence links household outcomes to variables that are assumed to influence the … distribution of power within the household. In this paper, we have data on whether a husband or wife in the Health and Retirement …

migrant earnings affect origin-household investments? This paper examines Philippine households%u2019 responses to overseas … the Philippine peso leads to increases in household remittances received from overseas. The estimated elasticity of … expenditure rise, while child labor falls. In the area of entrepreneurship, households raise hours worked in self-employment, and …

earnings, favorable exchange rate shocks have the least effect on return migration, but lead to increases in household …

-cooperative model of household decision making to answer this question. We show that when women have lower wages than men, they may …