This paper documents relationships between age at marriage and labor-market out- come reflected by personal income as well as relationships between age at marriage and marriage-market outcome reflected by spousal income for Americans born from 1900s to 1970s, and motivated by these documented...

This paper shows how gender-differential career cost can explain why in most of the developed countries women go to college at a higher rate than men but earn less on average. I assume men and women make costly college and career investments but women face an extra cost for career investment...

I build an investment-and-marriage model to provide a new explanation of the reversed college gender gap, i.e., more women than men are going to college. The explanation is based on differential fecundity and an equilibrium marriage-market effect. The model also sheds light on gender-specific...

An important paper by Chiappori et al. (2012) has proposed an elegant and parsimonious model of spousal matching over multi-dimensional characteristics. Importantly, the model suggests specific testable assumptions that allow researchers to uncover marginal rates of substitution (MRS) between...

When limited to heterosexual marriage, agents of different genders are not guaranteed to harvest the same payoff even conditional on having the same type, even if all other factors, such as search costs or the distribution of partner types, are same across genders. If same-sex marriage is...

This note investigates the extent to which structural estimates of marital surplus are informative about subjective well-being and separation. We first estimate the marital surplus using a simple matching model of the marriage market with perfectly transferable utility and heterogeneity in...

This note investigates the extent to which structural estimates of marital surplus are informative about subjective well-being and separation. We first estimate the marital surplus using a simple matching model of the marriage market with perfectly transferable utility and heterogeneity in...

An important paper by Chiappori et al. (2012) has proposed an elegant and parsimonious model of spousal matching over multi-dimensional characteristics. Importantly, the model suggests specific testable assumptions that allow researchers to uncover marginal rates of substitution (MRS) between...

A characteristic of many bargaining situations is that the negotiators represents the interests of a set of parties (trade unions, political parties, etc.) with composite interests, whose bargaining behaviour is regulated by some collective decision mechanism. In this paper we provide a natural...

When limited to heterosexual marriage, agents of different genders are not guaranteed to harvest the same payoff even conditional on having the same type, and even if all other factors, such as search costs or the distribution of partner types, are the same across genders. If same-sex marriage...