We study the steady state of an overlapping generations economy where singles search for spouses. In our model economy men and women live for many years and they differ in their fecundity, in their earnings, and in their survival probabilities. These three features are age-dependent and...

Using an RD-design and public educational administrative data for Chile, we study the impact of age of entry on children outcomes. Different from previous studies, we are able to track this impact on school achievements over eleven years of the school life of a cohort of students. Our results...

In the second part of the paper I extend the model to a finite number of periods and, using fertility data, show that two mechanisms described above may have acted as persistence mechanisms after a fertility shock like the baby boom in the U.S. Specifically, I show that demographic dynamics may...

In this paper, we evaluate the impact of unilateral divorce on crime. First, using crime rates from the FBI’s Uniform Crime Report program for the period 1965-1998 and differences in the timing in the introduction of the reform, we find that unilateral divorce has a positive impact on violent...

It is commonly observed that over time and across societies, women tend to marry older men. The traditional explanation for this phenomenon is that wages increase with age and hence older men are more attractive in the marriage market. This explanation, however, involves an implicit assumption...

Using U.S. Census data for the years 1960-1980, we study the impact of unilateral divorce on outcomes of children (age 6-15) and their mothers. We find that the reform increased mothers’ divorce, decreased family income and increased the fraction of mothers below the poverty line. For...

I develop an equilibrium, two-sided search model of marriage with endogenous population growth to study the interaction between fertility, the age structure of the population and the age at first marriage of men and women. Within a simple two-period overlapping generation model I show that,...

In this article we provide a simple model of the marriage market where singles search for spouses. In our model economy men and women live for many years and they differ in their survival probabilities, in their fecundity, and in their earnings. We show that modelling the marriage decision in a...

We study the effects of nominal debt on the optimal sequential choice of monetary and debt policy. When the stock of debt is nominal, the incentive to generate unanticipated inflation increases the cost of the outstanding debt even if no unanticipated inflation episodes occur in equilibrium....