Children can be considered as a marriage-specific investment that increases the value of the marriage, making a divorce …, for the United States, to investigate the relation between fertility and marriage instability. In our model of marriage … children conceived during first marriage. Our results indicate that the presence of children significantly reduces the …

We demonstrate that the notion of a "family constitution" (self-enforcing, renegotiation-proof family norm) requiring … family constitutions. …

We study marital sorting on academic qualifications and latent ability in an equilibrium marriage market model using … marriage market, and affected marital outcomes of individuals whose qualification attainment were unaffected. We also decompose … the difference in marriage probabilities between unqualified individuals and those with basic qualifications into causal …

divorce rates. We ask whether making divorce easier affected the educational structure of marriage. Based on marriage and … divorce certificate data covering 1970-1988, we provide new evidence on the evolution of the educational structure of marriage … affect the educational structure of marriage: it made generally unstable hypogamous couples (women marrying less educated …