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This paper examines the interactions between household matching, inequality, and per capita income. We develop a model in which agents decide whether to become skilled or unskilled, form households, consume and have children. We show that the equilibrium sorting of spouses by skill type (their...
Persistent link: https://www.econbiz.de/10011653009
Persistent link: https://www.econbiz.de/10001624073
This paper examines the interactions between household matching, inequality, and per capita income. We develop a model in which agents decide whether to become skilled or unskilled, form households, consume and have children. We show that the equilibrium sorting of spouses by skill type (their...
Persistent link: https://www.econbiz.de/10014122338
This paper examines the interactions between household matching, inequality, and per capita income. We develop a model in which agents decide whether to become skilled or unskilled, form households, consume and have children. We show that the equilibrium sorting of spouses by skill type (their...
Persistent link: https://www.econbiz.de/10013223865
According to Pareto (1896), the distribution of income depends on ``the nature of the people comprising a society, on the organization of the latter, and, also, in part, on chance.'' In the model developed here the ``nature of the people'' is captured by attitudes toward marriage, divorce,...
Persistent link: https://www.econbiz.de/10005504011
Persistent link: https://www.econbiz.de/10005504025
This paper describes an overlapping-generations model of marriage, fertility, and income distribution.
Persistent link: https://www.econbiz.de/10005428208
The levels of wealth differ significantly among people who are approaching their retirement both by current marital status as well as by marital histories. We develop an equilibrium model of marriage and divorce and household savings, in which the interplay between endogenous formation and...
Persistent link: https://www.econbiz.de/10011082033
Persistent link: https://www.econbiz.de/10005828337
Persistent link: https://www.econbiz.de/10005709989