Chiappori, Pierré-Andre. <br/><br/>
The Marriage Market, Labor Supply and Education Choice / 
Pierré-Andre Chiappori, Monica Costa Dias, Costas Meghir. 
 - Cambridge, Mass.  National Bureau of Economic Research  2015. 
 - 1 online resource:  illustrations (black and white); 
 - NBER working paper series  no. w21004 .
 - Working Paper Series (National Bureau of Economic Research)  no. w21004. .
<br/><br/> April 2015. 
<br/><br/> We develop an equilibrium lifecycle model of education, marriage and labor supply and consumption in a transferable utility context. Individuals start by choosing their investments in education anticipating returns in the marriage market and the labor market. They then match based on the economic value of marriage and on preferences. Equilibrium in the marriage market determines intrahousehold allocation of resources. Following marriage households (married or single) save, supply labor and consume private and public commodities under uncertainty. Marriage thus has the dual role of providing public goods and offering risk sharing. The model is estimated using the British HPS. 
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