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Education, matching, and the allocative value of Romance

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Booth, Alison; Coles, Melvyn G

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Societies are characterized by customs governing the allocation of non-market goods such as marital partnerships. We explore how such customs affect the educational investment decisions of young singles and the subsequent joint labor supply decisions of partnered couples. We consider two separate matching paradigms-one where partners marry for money and the other where partners marry for romantic reasons orthogonal to productivity or debt. Whereas marrying for money generates greater investment...[Show more]

dc.contributor.authorBooth, Alison
dc.contributor.authorColes, Melvyn G
dc.date.accessioned2015-12-10T23:15:46Z
dc.identifier.issn1542-4766
dc.identifier.urihttp://hdl.handle.net/1885/64782
dc.description.abstractSocieties are characterized by customs governing the allocation of non-market goods such as marital partnerships. We explore how such customs affect the educational investment decisions of young singles and the subsequent joint labor supply decisions of partnered couples. We consider two separate matching paradigms-one where partners marry for money and the other where partners marry for romantic reasons orthogonal to productivity or debt. Whereas marrying for money generates greater investment efficiency, romantic matching, by increasing the number of educated and talented women who participate in the labour market, increases aggregate productivity. (JEL: I21, J12, J16, J41).
dc.publisherMIT Press
dc.sourceJournal of the European Economic Association
dc.titleEducation, matching, and the allocative value of Romance
dc.typeJournal article
local.description.notesImported from ARIES
local.identifier.citationvolume8
dc.date.issued2010
local.identifier.absfor140104 - Microeconomic Theory
local.identifier.ariespublicationf2965xPUB998
local.type.statusPublished Version
local.contributor.affiliationBooth, Alison, College of Business and Economics, ANU
local.contributor.affiliationColes, Melvyn G, University of Essex
local.description.embargo2037-12-31
local.bibliographicCitation.issue4
local.bibliographicCitation.startpage744
local.bibliographicCitation.lastpage775
local.identifier.doi10.1162/jeea_a_00003
dc.date.updated2015-12-10T09:47:25Z
local.identifier.scopusID2-s2.0-77953510477
CollectionsANU Research Publications

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