An Investment-and-Marriage Model with Differential Fecundity

43 Pages Posted: 10 Nov 2018 Last revised: 6 Jun 2019

See all articles by Hanzhe Zhang

Hanzhe Zhang

Department of Economics, Michigan State University

Multiple version iconThere are 3 versions of this paper

Date Written: June 5, 2019

Abstract

I build a stylized investment-and-marriage model to provide a surprising explanation of why in the United States and many other countries women attend college at higher rates but continue to earn lower average incomes than men. Differential fecundity and a general-equilibrium marriage-market effect form the basis of my explanation. The model can also account for the relationship between age at marriage and personal midlife income for men and women as well as the relationship between age at marriage and spousal midlife income for women. Empirical evidence and calibration results support my explanations for these facts.

Keywords: college gender gap, age at marriage, income

JEL Classification: C78, D1

Suggested Citation

Zhang, Hanzhe, An Investment-and-Marriage Model with Differential Fecundity (June 5, 2019). Available at SSRN: https://ssrn.com/abstract=3262114 or http://dx.doi.org/10.2139/ssrn.3262114

Hanzhe Zhang (Contact Author)

Department of Economics, Michigan State University ( email )

486 West Circle Drive
East Lansing, MI 48824
United States

HOME PAGE: http://www.msu.edu/~hanzhe/

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