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来源类型Working Paper
规范类型报告
DOI10.3386/w8580
来源IDWorking Paper 8580
Love and Money: A Theoretical and Empirical Analysis of Household Sorting and Inequality
Raquel Fernandez; Nezih Guner; John Knowles
发表日期2001-11-01
出版年2001
语种英语
摘要This paper examines the interactions between household matching, inequality, and per capita income. We develop a model in which agents decide whether to become skilled or unskilled, form households, consume and have children. We show that the equilibrium sorting of spouses by skill type (their correlation in education) is increasing as a function of the skill premium. In the absence of perfect capital markets, the economy can converge to different steady states, depending upon initial conditions. The degree of marital sorting, wage inequality, and fertility differentials are positively correlated across steady states and negatively correlated with per capita income. We use household surveys from 34 countries to construct several measures of the skill premium and of the degree of correlation of spouses' education (marital sorting). For all our measures, we find a positive and significant relationship between the two variables.
主题Microeconomics ; Market Structure and Distribution ; Health, Education, and Welfare ; Education
URLhttps://www.nber.org/papers/w8580
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/566186
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Raquel Fernandez,Nezih Guner,John Knowles. Love and Money: A Theoretical and Empirical Analysis of Household Sorting and Inequality. 2001.
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