A priori, one would expect that well educated women would choose to work fulltime to collect the returns to their investment in education. However, that is not the case. We analyze this phenomenon in a discrete choice dynamic programming framework, taking the potentially endogenous effect of...

We formulate and estimate a dynamic model of marriage, divorce, and remarriage using 27 years of panel data for the entire Danish cohort born in 1960. The marital surplus is identified from the probability of divorce, and the surplus shares of husbands and wives from their willingness to enter...