This paper analyzes marriage market equilibria when the gains from marriage result from joint consumption of household public goods. Assuming transferable utility within marriage, the paper proves that marriage markets will be characterized by positive assortative mating on wealth when spouses...

Human capital models imply that both the distribution of education and returns to education affect earnings inequality. Decomposition of these 'quantity' and 'price' components have been important in understanding changes in earnings inequality in developed and developing countries. This paper...

The democratic government in South Africa has developed a system of social grants to combat the high levels of poverty and inequality inherited from the apartheid regime. With the help of modest economic growth and an associated increase in per capita household income, the introduction and...

We use comparable surveys from Brazil and the United States to examine "vertical" and "horizontal" connections between families. Motivated by a model of assortative mating and intergenerational transmission of schooling and earnings, we include the schooling of relatives in male wage equations....

We explore the mechanisms driving the negative relationship between parents' schooling and fertility. Brazilian data demonstrate strong negative effects of women's schooling on fertility over the first eight years of schooling. We observe no increase in women's labor supply, however, in spite of...