D iscussion P aper S eries

Bibliographic Data

ID8851159
Authors一橋大学経済研究所 一橋大学経済研究所 (corresponding author), Investment In Children, The Marital, Bernard Salanié (0000-0002-7072-5811), Yoram Wei (0000-0002-5721-4136), Yoram Weiss
Year1971
Volume47
Issue4
Pages561-562
Publication date1971-10-01
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueEconomic Geography (JOURNAL)
Journal identifiersISSN: 0013-0095 • E-ISSN: 1944-8287
PublisherTaylor & Francis (PUBLISHER • GB)
DOI10.1080/00130095.1971.11741422
OpenAlexW1517565308
LanguageEN
References cited13

We construct a model of household decision-making in which agents consume a private and a public good, interpreted as children's welfare. Children's utility depend on their human capital, which is produced from parental time and human capital. We first show that as returns to human capital increase, couples at the top of the income distribution should spend more time on children. This in turn should reinforce assortative matching, in a sense we precisely define. We then embed the model into a Transferable Utility matching framework with random preferences la We find that the preference for assortative matching by education has significantly increased for the white population, particularly for highly educated individuals; but not for blacks. Moreover, in line with theoretical predictions, we find that the "marital college-plus premium" has increased for women but not for men

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