Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/207292 
Year of Publication: 
2019
Series/Report no.: 
CESifo Working Paper No. 7901
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
Abstract: 
We present an equilibrium model with inter-linked frictional labour and marriage markets. Women’s flow value of being single is treated as given, and it captures returns from employment. Single unemployed men conduct a so-called constrained sequential job search, and can choose to improve their labour market returns as well as their marriage prospects by under-taking a costly ex-ante investment in schooling. We establish the existence of market equilibria where a fraction of men get educated, and show that this fraction decreases if women’s labour market returns increase. We also examine the robustness of such equilibria.
Subjects: 
frictional markets
constrained search
male returns to education
JEL: 
D83
I26
J12
J16
J31
Document Type: 
Working Paper
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