that their children can marry. In large marriage markets, the hedonic return to investment internalizes all the external … benefits of premarital investment in wealth so that the competitive equilibrium is efficient. Marriage market competition also … marriage. By investing in their children's wealth, parents increase the wealth of their children and the quality of the spouses …

Previous papers tested the validity of the Family Investment Hypothesis (FIH) among immigrants by comparing the labor … credit constraints are binding, then only married immigrants can cross-finance their investment within the family. In order … to a rejection of the FIH in both countries. -- Family investment model ; labor supply …