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Pierre André Chiappori (Columbia) "Family Economics" - Cemmap

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432 9. Investment in Schooling and the Marriage Market<br />

V2<br />

z22<br />

z22<br />

2<br />

z22 − z12<br />

z21 − z11<br />

Uneducated married men=<br />

Uneducated married women<br />

e '<br />

e<br />

z11<br />

2<br />

Upper bound<br />

Lower bound<br />

Married men=Married women<br />

FIGURE 9.4. The Impact of an Increase in the Wage of Educated Men Combined<br />

with a Reduction in the Wage of Educated Women<br />

z11<br />

V1

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