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This paper attempts to explain the decrease and reversal of the education gap between males and females. Given a continuum of agents, the education decisions are modelled as an assignment game with endogenous types. In the first stage agents choose their education level and in the second they...
Persistent link: https://www.econbiz.de/10014053722
We propose a novel structural method to empirically identify economies of scale in household consumption. We assume collective households with consumption technologies that define the public and private nature of expenditures through Barten scales. Our method recovers the technology by solely...
Persistent link: https://www.econbiz.de/10011543531
We study a matching model with heterogeneous agents, nontransferable utility and search frictions. Agents differ along … specifications can be treated as a case of horizontal heterogeneity only. -- Matching ; Horizontal Differentiation ; Marriage Markets …
Persistent link: https://www.econbiz.de/10008905990
There is some controversy in the field of household economics regarding the efficiency of household decisions. We make the point that a flexible specification of spousal preferences and the household production technology precludes the possibility of using revealed preference data on household...
Persistent link: https://www.econbiz.de/10010201289
This paper develops a novel model of marital sorting on income potentials: In the marriage market, people are matching … find there is strong positive assortative matching on wage growth rates, which helps explain the correlated wage residuals … for married couples. Households' market intensity and specialization arrangements are not affected when matching is …
Persistent link: https://www.econbiz.de/10013011607
We study marital sorting on academic qualifications and latent ability in an equilibrium marriage market model using the 1972 UK Raising of the School-Leaving Age (RoSLA) legislation as a natural experiment that induced a sudden, large shift in the distribution of academic qualifications in...
Persistent link: https://www.econbiz.de/10011990019
We study marital sorting on academic qualifications and latent ability in an equilibrium marriage market model using the 1972 UK Raising of the School-Leaving Age (RoSLA) legislation as a natural experiment that induced a sudden, large shift in the distribution of academic qualifications in...
Persistent link: https://www.econbiz.de/10011992448
terms of mate choice. I use a multidimensional search and matching model which allows people to choose their partner … unidimensional marriage index then I implement a multidimensional matching model to allow for complementarities in characteristics of … effects of taxation on matching patterns. I compare individual and joint taxation of the household gain and show that joint …
Persistent link: https://www.econbiz.de/10014140067
I analyze a model of human capital development in the presence of peer effects. Parents invest in their child, and this investment conveys a positive externality upon the child’s peers. Parents also acquire wealth, which i) finances consumption, and ii) determines a child’s peer group. I...
Persistent link: https://www.econbiz.de/10014197243
This paper disproves Hick's compensation principle. It shows that compensation is wilful and wrong. Compensation, like intervention, is non-economics. Instead, this paper suggests using one of the products as input to produce another as output, for profit
Persistent link: https://www.econbiz.de/10013015002