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Persistent link: https://www.econbiz.de/10003867418
post marriage investment indicates that the spouse with the comparative advantage in investment will increase his …/her investment in human capital after his/her marriage, whereas the other spouse will decrease it. The more efficient investment due … to marriage enables the achievement of a Pareto improvement. …
Persistent link: https://www.econbiz.de/10003469464
post marriage investment indicates that the spouse with the comparative advantage in investment will increase his …/her investment in human capital after his/her marriage, whereas the other spouse will decrease it. The more efficient investment due … to marriage enables the achievement of a Pareto improvement …
Persistent link: https://www.econbiz.de/10013317437
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In the U.S. economy during the past 25 years, house prices exhibit fluctuations considerably larger than house rents, and these large fluctuations tend to move together with business cycles. We build a simple theoretical model to characterize these observations by showing the tight connection...
Persistent link: https://www.econbiz.de/10010395957
In previous works, the importance of risk management implementation was addressed with regard to the problem of bankruptcy threat, with the explanation of risk impact on higher bankruptcy costs or the underinvestment problem. However, the evaluation of the impact of risk outcomes is technically...
Persistent link: https://www.econbiz.de/10011963925
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This paper develops a new equilibrium model of two-sided search where agents have multiple attributes and general payoff functions. The model can be applied to several substantive issues. Here we use it to provide a novel understanding of the separate effects of equal opportunities for women in...
Persistent link: https://www.econbiz.de/10010227223
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 …
Persistent link: https://www.econbiz.de/10010229313