reservation utilities for entering into a marriage. This makes them turn down many offers and makes them appear as "heart-breakers". …

college. Marriage, which entails lower separation risk and more equal asset division if separation does occur, provides … insurance to the lower-earning spouse, which facilitates child investment. Using an OLG model of marriage, cohabitation, wealth … accumulation, and educational investments where college completion is risky, we find that insurance through marriage is …