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

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

V2<br />

z '22<br />

z22<br />

z' − z'<br />

22 12<br />

z' − z'<br />

21 11<br />

z22 − z12<br />

z21 − z11<br />

Lower bound<br />

e ''<br />

e '<br />

Uneducated married men=<br />

Uneducated married women<br />

Upper bound<br />

Married men=Married women<br />

FIGURE 9.6. The Impact of a Decrease in the Wife’s Work at Home Combined<br />

with an Increase in the Wage of Educated Women<br />

z '11<br />

z11<br />

V1

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