Competing premarital investments

被引：83

作者：

Peters, M ^{[1
]}

Siow, A ^{[1
]}

机构：

[1] Univ Toronto, Toronto, ON, Canada

来源：

JOURNAL OF POLITICAL ECONOMY | 2002年 / 110卷 / 03期

关键词：

D O I：

10.1086/339729

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper studies premarital parental investments in children's wealth, where spousal wealth is a public good in marriage. By investing in their children's wealth, parents increase the wealth of their children and the quality of the spouses that their children can marry. In large marriage markets, the hedonic return to investment internalizes all the external benefits of premarital investment in wealth so that the competitive equilibrium is efficient. Marriage market competition also increases investments in small marriage markets relative to no competition, but equilibrium investments are not efficient.

引用

页码：592 / 608

页数：17

共 19 条

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