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Essay heading: Economics Of Love And Marriage
 
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Issue: History
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Date added: March 6, 1998
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No of pages / words: 3 / 728
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Another finding has been that the opportunity cost of marriage and family formation is very high for educated women. They sometimes have to give up their career, have to quit higher studies to marry and have children. One opportunity cost in the case of women is that they are not able to take care of their parents...
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Under certain assumptions economic analysis predicts marriage or the prospect of it leads to women earning less than men. The spouse who specializes in home production will optimally invest less in labor market skills like education and job training. Markets for Love & Marriage: Whether they are married or consider marriage, individuals making decisions regarding married household production will be influenced by conditions in the markets where those individuals who supply or demand household production are interacting...
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