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of an efficiency loss. Efficiency can be restored through suitably designed marriage contracts because they can provide …) use of marriage is affected by the possibility of divorce. -- post-marital education ; marriage contract ; divorce …
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formulate and structurally estimate a dynamic life-cycle model of endogenous marriage and labor supply decisions in a collective … framework. We establish that the education gap at the time of marriage, produces dynamic effects due to human capital …
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In this paper we derive an explicit model of negotiations between spouses when utility is (partially) transferable only in case of separation. We show that inefficient separation may occur in equilibrium even under consensual divorce law. This provides theoretical support for the view that...
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theory predicts that most of the gender age difference at first marriage will persist even if the gender wage-gap disappears … value of their current match exceeds that of remaining single. If both partners propose, the meeting ends up in a marriage … ages of first-time brides and grooms. We show that modeling the marriage decision in this simple way is sufficient to …
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