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...

Pre-marital investments by spouses are largely viewed as public goods within the marriage. So individuals may underinvest. But individuals also use their investments to compete for spouses with higher investments. In a large marriage market, the higher equilibrium match quality obtained by...

This paper studies pre-marital parental investments in their chil- dren'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...

This paper studies an equilibrium model of social and cognitive skills interactions in school, work and marriage. The model uses a common team production function in each sector which integrates the complementarity concerns of Becker with the task assigment and comparative advantage concerns of...

marriage formation, participation, and family labor supply. Intrahousehold transfers arise endogenously as the transfers that clear the marriage market. The intra-household allocation can be recovered from observations on marriage decisions. Introducing the marriage market in the collective...

estimate the sharing rule using 2000 Census data and implement a semi-parametric test of the over-identifying restrictions.

This paper examines the role of relationship skills in determining life cycle outcomes in education, labor and marriage markets. We posit a two-factor model with human capital and "relationship" or "partnering" skill. Relationship skill is understood in our framework as the ability to maintain...

estimated model shows that a concern for accumulating marriage specific capital is quantitatively significant in generating positive assortative matching in spousal ages at marriage, gender differences in spousal ages at marriage, and a preference for early marriage. Gender variations in...

Carbone and Cahn argue that growing earnings inequality and the increased educational attainment of women, relative to men, have led to declining marriage rates for less educated women and an increase in positive assortative matching since the 1970's. These trends have negatively affected the...