Full Citation

Title: An Investment-and-Marriage Model with Differential Fecundity

Citation Type: Dissertation/Thesis

Publication Year: 2019

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Abstract: I build a stylized investment-and-marriage model to provide a surprising explanation of why in the United States and many other countries women attend college at higher rates but continue to earn lower average incomes than men. Differential fecundity and a general-equilibrium marriage-market effect form the basis of my explanation. The model can also account for the relationship between age at marriage and personal midlife income for men and women as well as the relationship between age at marriage and spousal midlife income for women. Empirical evidence and calibration results support my explanations for these facts.

Url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3262114

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Authors: Zhang, Hanzhe

Institution: Michigan State University

Department: Economics

Advisor: Phil Reny

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Publisher Location: Michigan

Pages: 1-43

Data Collections: IPUMS USA

Topics: Education, Family and Marriage, Labor Force and Occupational Structure

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