The Marriage Market, Labor Supply, and Education Choice
构建了一个涵盖教育、婚姻、劳动供给和消费的生命周期均衡模型，利用英国家庭面板调查数据估计，分析了婚姻市场如何影响教育投资和家庭内部资源分配。
We develop an equilibrium life cycle model of education, marriage, 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 on the basis of the economic value of marriage and 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 Household Panel Survey.