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from 1962 to 2013 in three subperiods. We find evidence of a reduction of linear predictability in the most recent period …
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from 1962 to 2013 in three subperiods. We find evidence of a reduction of linear predictability in the most recent period …
Persistent link: https://www.econbiz.de/10010365211
We develop an equilibrium lifecycle model of education, marriage and labor supply and consumption in a transferable utility context. Individuals start by choosing their investments in education anticipating returns in the marriage market and the labor market. They then match based on the...
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