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Investment in Schooling and the Marriage Market
Open accessAbstract
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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Cites
Becker, G. S. (1991) · doi:10.4159/9780674020665 · Cited by 10,565
The Homecoming of American College Women: The Reversal of the College Gender Gap
Goldin, C., Katz, L. F., & Kuziemko, I. (2006) · Journal of Economic Perspectives · doi:10.1257/jep.20.4.133 · Cited by 1,010
Cited by
Priceless: The Nonpecuniary Benefits of Schooling
Oreopoulos, P., & Salvanes, K. G. (2011) · Journal of Economic Perspectives · doi:10.1257/jep.25.1.159 · Cited by 963
Determinants of College Major Choice: Identification using an Information Experiment
Wiswall, M., & Zafar, B. (2015) · The Review of Economic Studies · doi:10.1093/restud/rdu044 · Cited by 533
Adda, J., Dustmann, C., & Stevens, K. (2017) · Journal of Political Economy · doi:10.1086/690952 · Cited by 467
Women's Liberation: What's in It for Men? *
Doepke, M., & Tertilt, M. (2009) · Quarterly Journal of Economics · doi:10.1162/qjec.2009.124.4.1541 · Cited by 327
A Supply and Demand Framework for Two-Sided Matching Markets
Azevedo, E. M., & Leshno, J. D. (2016) · Journal of Political Economy · doi:10.1086/687476 · Cited by 312
Metadata
- Authors
- Chiappori, P.-A., Iyigun, M., & Weiss, Y.
- Venue
- American Economic Review
- Publisher
- American Economic Association
- Published
- 2009-12-01
- Volume
- 99
- Issue
- 5
- Pages
- 1689-1713
- ISSN
- 0002-8282 (ISSN-L)
- OpenAlex
- W2126388865
- Cited by
- 410
- References
- 2
- FWCI
- 60.47
- Type
- journal article
- Language
- en
- Open access
- green
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.