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 …

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 …

of two public goods: expenditures on children and other public goods including housing. We show empirically that women …

. Training is potentially important in compensating for the effects of children, especially for women who left education after …

in compensating for the effects of children, especially for women who left education after completing high school, but …

estimate a life-cycle model of marriage, labor supply and divorce under limited commitment to better understand the mechanisms … of the program. Based on the model, which reproduces the reduced form estimates, we show that among low educated women … and, in ex-ante welfare terms, women are worse off …

estimate a life-cycle model of marriage, labor supply and divorce under limited commitment to better understand the mechanisms … of the program. Based on the model, which reproduces the reduced form estimates, we show that among low educated women … and, in ex-ante welfare terms, women are worse off. …

the marriage market. We argue that a key advantage of this approach is that it creates a direct connection between changes … in assortativeness in marriage and changes in the value of marriage for the various possible matches by education group …

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 …