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Education, matching, and the allocative value of Romance

Date

2010

Authors

Booth, Alison
Coles, Melvyn G

Journal Title

Journal ISSN

Volume Title

Publisher

MIT Press

Abstract

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 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).

Description

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Citation

Source

Journal of the European Economic Association

Type

Journal article

Book Title

Entity type

Access Statement

License Rights

DOI

10.1162/jeea_a_00003

Restricted until

2037-12-31