Oosterbeek, Hessel; Sonnemans, Joep; Velzen, Susan van - In: Journal of Population Economics 16 (2003) 3, pp. 431-453
A spouse who invests in relationship specific human capital enlarges the size of a couple’s total surplus. Such investments typically also weaken the outside opportunities of the specializing spouse and thereby her bargaining position. Realizing this, underinvestment in relationship specific...