This paper studies premarital parental investments in children's wealth, where spousal wealth is a public good in marriage. By investing in their children's wealth, parents increase the wealth of their children and the quality of the spouses that their children can marry. In large marriage...

In a stochastic Becker marriage model (Choo and Siow), supermodularity of the match output function implies stochastic positive assortative matching (PAM): the equilibrium marriage matching distribution has all positive local log odds ratios or is totally positive of order 2 (TP2). The Choo-Siow...

This paper investigates how rural families in China use marital and post-marital transfers to compensate their sons for unequal schooling expenditures. Using a common behavioral framework, we derive two methods for estimating the relationship between parental transfers and schooling investments:...

The paper surveys the Choo and Siow (2006) marriage matching model and its extensions. CS derives a behavioural marriage-matching function. The collective model of intra-household allocations can be integrated into this framework. Spousal labour supplies respond to changing marriage marke t...

This paper estimates the contributions of differential fecundity, social heterogeneity, assortative matching and search frictions to aggregate marriage behavior in 18th century Quebec. The reduced form estimates show that a simple random matching model of the marriage market, in which there are...

Women are fecund for a shorter period of their lives than men. In monogamous societies with divorce and remarriage, fecund women are relatively scarce. This paper studies how parents, who maximize discounted dynastic consumption, invest in the survival of their sons and daughters. The theory...