Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/207263 
Authors: 
Year of Publication: 
2019
Series/Report no.: 
CESifo Working Paper No. 7872
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
Abstract: 
I build an equilibrium investment-and-marriage model to explain stylized facts about education, income, and marriage for Americans born in the twentieth century that had not been explained in a unified way. The most novel finding is a theoretical explanation for why women attend college at a higher rate and earn a lower average income than men. Differential fecundity and an equilibrium marriage market form the basis of my explanation. The model also accounts for gender-specific relationships between age at marriage and income, as well as the evolving relationship between age at marriage and spousal income for women. I provide evidence to support my theory and calibrate the model to conduct counterfactual analyses.
Subjects: 
college gender gap
earnings gender gap
marriage age
nonassortative matching
JEL: 
C78
D10
Document Type: 
Working Paper
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