Education, Matching and the Allocative Value of Romance
نویسنده
چکیده
Societies are characterized by customs governing the allocation of non-market goods such as marital partnerships. We explore how such customs affect the educational investment decisions of young singles and the subsequent joint labor supply decisions of partnered couples. We consider two separate matching paradigms for agents with heterogeneous abilities one where partners marry for money and the other where partners marry for romantic reasons orthogonal to productivity or debt. These generate different investment incentives and therefore have a real impact on the market economy. While marrying for money generates greater investment efficiency, romantic matching generates greater allocative efficiency, since more high ability individuals participate in the labour market. The analysis offers the possibility of explaining cross-country differences in educational investments and labor force participation based on matching regimes.
منابع مشابه
COST AND ALLOCATIVE EFFICIENCY IN BUYER-SUPPLIER
The aim of this paper is the evaluation overall performance of buyer-supplier relationships.In some situations the cost of inputs in a buyer-supplier chain are available, on the other hand, achieving a low cost position is necessary for most businesses. And, in a buyer-supplier chain wants to know how assign inputs with the least cost. This paper introduces cost efficiency with same and dierent...
متن کاملPosted price selling and online auctions
a r t i c l e i n f o a b s t r a c t JEL classification: C70 D44 D61 Keywords: Online auctions Posted price selling Buy-it-now Allocative inefficiency Random matching eBay auctions In an auction-style listing at eBay, sellers have the option to set a posted price (also known as buy-it-now price), which allows buyers to instantly purchase an item before the start of the auction. This paper prov...
متن کاملComparing Technical and Economic Efficiency among Organic and Conventional Italian Olive Farms
In many European states such as Spain and Italy there has been a significant growth of organic utilizable surface as a consequence of both a change in the model of agricultural production and also in order to satisfy arising demand of organic food. The purpose of this research was to investigate the level of technical, allocative and economic efficiency in Italian olive farms with two different...
متن کاملAnalytical Matching of Optimal Damping Characteristics Curve for Vehicle Passive Suspensions
To facilitate the damping matching of dampers for vehicle passive suspensions, this paper proposes an analytical matching method of the optimal piecewise linear damping characteristics curve. Based on the vehicle vibration model, taking the suspension dynamic deflection as the constraint, by the vibration acceleration and the wheel dynamic load, an objective function about the relative damping ...
متن کاملAllocation models for DMUs with negative data
The formulas of cost and allocative efficiencies of decision making units (DMUs) with positive data cannot be used for DMUs with negative data. On the other hand, these formulas are needed to analyze the productivity and performance of DMUs with negative data. To this end, this study introduces the cost and allocative efficiencies of DMUs with negative data and demonstrates that the introduc...
متن کامل