Positive assortative matching in terms of traits like ethnicity, race and personality has been prevalent in marital formation. One possible explanation for this is that husbands and wives in endogamous marriages have complementary skills and tastes that increase marital surplus. This paper aims...

The unilateral divorce reform in the 1970's has been accompanied by a secular decline in marriage. This paper investigates how the homemaking provision in divorce law that gives recognition to homemakers' contribution during marriage in divorce property division affects marital formation and...

I examine John Maynard Keynes’ struggle with the doctrine of the classical forced saving during the period 1924-1936 from when he worked on A Treatise on Money to the completion of his General Theory. The forced saving notion has been developed as a key mechanism of how monetary expansion...

A substantial body of research suggests that economists are less generous than other professionals and that economics students are less generous than other students. Following Frey and Meier (2003), we address this question using administrative data on donations to social programs by students at...

For recent cohorts of American couples, the traditional division of labor between husbands and wives is strongly associated with the presence of children in the household. We define measures of specialization and market intensity in household house worked and earnings to describe the joint...

Instrumental variables estimates of the effect of military service on subsequent civilian earnings either omit schooling or treat it as exogenous. In a more general setting that also allows for the treatment of schooling as endogenous, we estimate the veteran effect for men who were born between...