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Chiappori, Pierre-André,
Murat Iyigun, and
Yoram Weiss. 2009. "Investment in Schooling and the Marriage Market."
,
99(5): 1689-1713.
Show Article Details
DOI: 10.1257/aer.99.5.1689
Abstract:We present a model in which investment in schooling generates two kinds of
returns: the labor-market return, resulting from higher wages, and a marriage-market
return, defined as the impact of schooling on the marital surplus share
one can extract. Men and women may have different incentives to invest in
schooling because of different market wages or household roles. This asymmetry
can yield a mixed equilibrium with some educated individuals marrying
uneducated spouses. When the labor-market return to schooling rises, home
production demands less time, and the traditional spousal labor division norms
weaken, more women may invest in schooling than men. (JEL I21, J12, J24, J31)
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Appendix
Authors:
Chiappori, Pierre-André (Columbia U)
Iyigun, Murat (U CO and Harvard U)
Weiss, Yoram (Tel Aviv U and IZA, Bonn)
JEL Classifications:
I21: Analysis of Education
J12: Marriage; Marital Dissolution; Family Structure; Domestic Abuse
J24: Human Capital; Skills; Occupational Choice; Labor Productivity
J31: Wage Level and Structure; Wage Differentials
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