Household Search and the Marital Wage Premium
构建模型解释婚姻工资溢价,发现家庭联合搜寻使已婚者工资更高,且配偶教育水平越高溢价越大,量化分析显示家庭搜寻解释了男性10-33%、女性20-58%的溢价。
We develop a model where selection into marriage and household search generate a marital wage premium. Beyond selection, married individuals earn higher wages for two reasons. First, income pooling within a joint household raises risk-averse individuals’ reservation wages. Second, married individuals climb the job ladder faster, as they internalize that higher wages increase their partner’s selectivity over offers. Specialization according to comparative advantage in search generates a premium that increases in spousal education, as in the data. Quantitatively, household search explains 10–33 percent and 20–58 percent of the premium for males and females, respectively, and accounts for its increase with spousal education.