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Author:Booth, A.
Coles, M.
Title:Education, matching, and the allocative value of romance
Journal:Journal of the European Economic Association
2010 : JUN, VOL. 8:4, p. 744-775
Index terms:education
marriage
investment
labour supply
efficiency
productivity
models
Language:eng
Abstract:Societies are characterized by conventions governing the allocation of non-market goods e.g. marital partnerships. This paper examines how such customs affect the educational investment decisions of young singles and the subsequent joint labour supply decisions of couples. Two separate matching paradigms are considered: 1. one where partners marry for money, and 2. the other where partners marry for romantic reasons orthogonal to debt or productivity. While 1. generates greater investment efficiency, 2. increases aggregate productivity.
SCIMA record nr: 270012
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