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Education, matching, and the allocative value of Romance

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dc.contributor.authorBooth, Alison
dc.contributor.authorColes, Melvyn G
dc.date.accessioned2015-12-10T23:15:46Z
dc.date.issued2010
dc.date.updated2015-12-10T09:47:25Z
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.identifier.issn1542-4766
dc.identifier.urihttp://hdl.handle.net/1885/64782
dc.publisherMIT Press
dc.sourceJournal of the European Economic Association
dc.titleEducation, matching, and the allocative value of Romance
dc.typeJournal article
local.bibliographicCitation.issue4
local.bibliographicCitation.lastpage775
local.bibliographicCitation.startpage744
local.contributor.affiliationBooth, Alison, College of Business and Economics, ANU
local.contributor.affiliationColes, Melvyn G, University of Essex
local.contributor.authoruidBooth, Alison, u4043220
local.description.embargo2037-12-31
local.description.notesImported from ARIES
local.identifier.absfor140104 - Microeconomic Theory
local.identifier.ariespublicationf2965xPUB998
local.identifier.citationvolume8
local.identifier.doi10.1162/jeea_a_00003
local.identifier.scopusID2-s2.0-77953510477
local.type.statusPublished Version

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